Currencies
Monday, APRIL 19, 2010
Rupee
RUPEE: (Crucial Levels to watch out for larger trending direction)
RUPEE CLOSED @ 44.25 on 16\04\2010 .It has achieved Conservative H & S pattern target (From right Shoulder) at low of $ 44.05. It’s also 61.8% retracement of rise from $39 to $52.13.
Its daily KST/MACD both is in BUY .It can go till $ 44.73 to $ 45 in short term.
Wave count wise clear Trend for UPMOVE will confirm above $45.24. Sustain above it will lead to higher targets of $46.30 to $47.70.
Unable to hold above $44-43.80 will lead to further fall in rupee up to $41.40 (Larger H & S target from Neckline).
So $45.24 & $ 43.80 is crucial levels to watch out for Rupee for larger Trending direction in either of side.
RUPEE CLOSED @ 44.25 on 16\04\2010 .It has achieved Conservative H & S pattern target (From right Shoulder) at low of $ 44.05. It’s also 61.8% retracement of rise from $39 to $52.13.
Its daily KST/MACD both is in BUY .It can go till $ 44.73 to $ 45 in short term.
Wave count wise clear Trend for UPMOVE will confirm above $45.24. Sustain above it will lead to higher targets of $46.30 to $47.70.
Unable to hold above $44-43.80 will lead to further fall in rupee up to $41.40 (Larger H & S target from Neckline).
So $45.24 & $ 43.80 is crucial levels to watch out for Rupee for larger Trending direction in either of side.
| Next Page |
Indian Rupee Exchange Rate