Daily forex-report by epic reseach 22 august 2013

INDIAN FOREX REPORT
EPIC Research Report
This Report contains all the study and strategy required by trader to
trade on INDIAN FOREX MARKET (NSE-FX AND MCX-SX). Refer to the
chart attracted in the Report to take proper Trading Decision.
Research Analyst: Nilesh Jain
INDEX WATCH:
1. RBI Reference Rate (USD/ GBP/ EURO/ YEN)
2. GBPINR Chart, Levels and Charts Justification.
3. Technical outlook of GBPINR.
4. Near Team Outlook for Pound

INDIAN FOREX DAILY NEWSLETTER
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FOREX TECHICAL REPORT……!!!!
22- AUGUST-2013, THURSDAY

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RBI DAILY REFRENCE RATES
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
21-Aug-2013 63.4605 99.4172 85.1205 65.0200
20-Aug-2013 63.7335 99.7875 85.0698 65.5100
19-Aug-2013 62.3461 97.3721 83.0686 63.8300
16-Aug-2013 61.8195 96.5682 82.4510 63.2900
14-Aug-2013 61.5160 94.9869 81.6266 62.5600
13-Aug-2013 61.4343 95.0757 81.7770 63.0900
12-Aug-2013 60.8025 94.2074 81.0345 63.0700
08-Aug-2013 61.1150 94.7710 81.5420 63.4400
07-Aug-2013 61.3940 94.1723 81.6990 63.2200
06-Aug-2013 61.5355 94.3708 81.5785 62.4900

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GBP/INR DAILY TECHNICAL LEVELS
GBP/INR FOUR HOURLY CANDLESTICK CHART
S2 – 98.0783 S1 – 99.6517 PIVOT – 100.5508 R1 – 102.1242 R2 – 103.0233
TECHNICAL OUTLOOK:
GBP/INR (NSE/MCX-SX) has closed at the level of @101.2250. If it sustains above the level of @101.50 then it can touch
the level of @101.74 and @102.21 respectively.

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NEAR TERM OUTLOOK FOR POUND:
GBP/ INR July futures contract (NSE) View: Bullish on GBP
Buy above 101.50 Market Lot: GBP 1000
Target: 101.50 / 101.74 Stop Loss: 100.80
Support: S1/ S2: 98.0783 / 99.6517 Resistance: R1/R2: 102.1242 / 103.0233

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Daily forex-report by epic reseach 22 august 2013

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Daily forex-report by epic reseach 22 august 2013