dollar to rupee rate weekly forecast report
dollar to rupee rate daily chart analysis
dollar to rupee currency pair or usd/inr spot this week closed at 53.75.in last session we seen gain in usdinr on account of weak rupee.on daily chart dollar to rupee is in downtrend and trading below all short term averages.
on chart dollar to rupee weekly average is 53.79 then monthly average is 54.27 while in last dollar to rupee 3month average is 54.34.all these levels now strong resistances and blow these dollar to rupee trading strategy remain sell on rise for next week.
on indicators,dollar to rupee daily cci is now off the low from oversold zone and now at –134.while dollar to rupee daily rsi is 39 and continues sell signal.
so usdinr short term trend and momentum is weak and strong dollar inflow make continue to make rupee stronger.
on downside expect target levels at 53.5-52.9 and in last 52.
dollar to rupee rate weekly chart analysis
dollar to rupee this week closed flat negative,this week we seen low of 53.4 while high was 53.92 so very narrow range after sharp fall in last week.
on weekly chart dollar to rupee pair trading below 6 month average of 54.25 and that will now act as strong resistance for medium term.on downside 53.32 is 12 month average and in this week usdinr nearly touched it and closed above.
below 12 month average last support of this dollar bull market is 51.48 and if Indian equity market inches towards all time high then possibly in next 2-3 months we may break this level and technical’s also suggesting same.
dollar to rupee weekly cci is –52 and with sell signal while dollar to rupee weekly rsi below 50 and surely with sell signal.
dollar to rupee forecast for 28 jan to 1 feb 2013
all time frame trends are in favor of rupee.for next week below monthly average of 54.27 traders stay short side or follow sell on rise strategy and expect 53.5 then 52.9 and in last 52 in extreme bullish condition.
medium to long term traders watch 12 month average of 53.3 if breaks and sustain below that and if next week closing comes below that then it means lot for rupee.