Monday, May 27, 2013

New Signal


USDINR: Buy signal has been generated on EOD value of 55.7075 (MCX) on 24 May 2013. Caution is required as it is a breakout signal, the bigger cycle is at trough but not the smaller cycle. Price may correct along with downward movement of smaller cycle, before resuming uptrend. Trading smaller cycles is recommended.

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