2. Monday, 17th
June 2013 - www.shahadvisory.com
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Shah Advisory – Weekly Currency Newsletter
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2
USDINR – SPOT – 57.5250
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
56.60 56 54.05
Overall trend is positive. Laws week we saw the pair moving to all time high level and then retraced a
little. We may see some bounce till 57.75-57.85 level in first half of the week but then we may see it
going down to around 57.20 levels and than 56.60 will turn out to be good support area. Alternatively,
if sustain above 58.10 than we may see bounce till 58.50-58.55 and next resistance on cross of this
range will come at 58.80-58.90 zones.
EURINR – SPOT – 76.6045
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
73.95 73.80 69.80
Overall trend is positive. Initially we may see some bounce till 77-77.20 levels but we are not
expecting it to sustain around the same levels. If it returns from the same levels, than we may see
lower levels of 76. Alternatively, if it is sustaining above 77.25, than expect higher levels of 78
initially.
GBPINR – SPOT – 89.9735
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
86.80 86.60 81
Overall trend is positive. Very short term support around 89 levels. We are expecting it to come to the
levels of 89. On the higher side it will face resistance around 90.35-90.80 levels. Any rise to 90.80
levels needs to be used to go short keeping stop at 91. If it sustains above 91, than look for buying for
higher levels of 91.80-92 initially. Any weekly close above 91 is very positive for the pair as next
target will be around 100 levels.
JPYINR – SPOT – 60.6150
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP DOWN
Trend Change Level
(Closing Basis)
57.20 56 65.50
Overall trend on short to medium term is positive and monthly trend is down. Very short term support
around 59 levels. Below 60.40, we are expecting it to come to 60.10 levels and than 59-59.15. Also on
the higher side, if it comes to 61.40-61.50 levels than look for going short keeping stop at 61.80.
Buying is advised only above 61.80.
3. Monday, 17th
June 2013 - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Weekly Currency Newsletter
+91 84600 32788 support@shahadvisory.com
Save Trees. Do not Print. Read Disclaimer on our website
3
EURUSD – 1.334
Overall trend is positive. We advised above 1.3310 we may see levels of 1.34 – 1.3430 and it almost
touched 1.34. Now if it trades below 1.3290, it may come to 1.3270 – 1.3180. On the higher side, if it
sustains above 1.34 than we may see levels of 1.3430 – 1.35.
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