FOREX Trading Tips with Chart and Global News Analysis

The Dollar is Strong against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend.
The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in HOLD LONG position.
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FOREX Indian Curency Trading Tips and Analysis Report

Today rupee closed weak, Today rupee touched 30 months low. Seen a declining in Indian equities and as market sentiments seeming cautious, with investors awaiting a plan from European leaders to resolve the region's debt crisis.

today Dollar demand from Gold and oil importers added to down pressure on the rupee.I Expect bearish trend in the rupee should improve once clarity on how Europe plans to solve the debt crisis emerges.
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Indian FOREX Currency Trading Tips and Live Market News

Today Rupee trading in strong gains in Indian equities and the euro.however dollar demand for likely defense related payments and from oil companies kept gains in check. at afternoon rupee was 49.22/23 per dollar, stronger than 49.29/30 on Tuesday.
The index of the dollar against six major currencies was at 76.845 points, sharply below 77.314 on Tuesday.
Oil is India's biggest import item and domestic oil refiners are the largest purchasers of dollars in the local currency market.
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How To Trade in Indian Currency | FOREX Trading Tips and Live News Globaly

Today rupee decline around one week while oil imported dollar demand dragged,, outweighing support from exporters seen in early trades.Oil is India's biggest import and domestic oil firms are the largest purchasers of the dollar in the local currency market.
the rupee ended at 49.29/30per dollar, near .7% weaker from its preious close(48.945/955).
Rupee future direction is major dependent upon how the euro moves. If the euro falters, then USD/INR pair may probe the 49.50-49.60 level.
"So we have to wait and see the outcome of the EU summit."

FOREX Trading Strategy and Tisp | Rupee ends off 3-week high

The rupee ended off its near three-week high on Monday after a rally in the euro lost steam, and as dollar demand from domestic oil refiners and weak equities weighed.
However, dollar sales by domestic corporate firms cushioned the local unit from a sharp slide, traders said.
The partially convertible rupee ended at 48.945/955 per dollar, 0.1 percent stronger than Friday's 49.0175/0275 close. Intraday, it touched 48.6850 -- a level not seen since Sept. 28.

FOREX Currency market trading tips and Live Updates For Today

Today Dollar is strong against Indian rupee. currently Dollar is moving sideways  the USDINR is now is trading overbought level..In last 1 month volatality is very less Buy the USDINR above 50.13 or buy with strict stop at 48.52. The USDINR is now trading in overbought level. The USDINR is now trading in overbought level. The oscillator is on SELL signal and USDINR is coming down from overbought level For short term Dollar is in SELL position.
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Currency&FOREX Weekly Technical Report 17th Oct to 22th Oct 2011

MARKET OVERVIEW
USD/INR is consolidating on charts so traders can use the strategy of sell on higher levels. If next week USD/INR sustains below the level of 48.8000 then below the level of 48.6500 USD/INR can test the level of 48.5000/48.3200.
STRATEGY
For the upcoming week 47.8000 and 47.2000 will act as major supports and 50.5000 and 50.9000 will act as major resistance in USD/INR.