2. Monday, 24th
June 2013 - www.shahadvisory.com
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Shah Advisory – Weekly Currency Newsletter
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2
USDINR – SPOT – 59.26
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
57.40 56.40 54.05
Overall trend is positive. Last week we got very strong move in the pair and it touched life high levels
around 59.90 and we exited our all the positions around 59.87 levels. Now we are expecting the pair
to retrace a little to the levels around 58.75 - 58.60 – 58.45 in coming days. On the higher side, I will
turn bullish on the pair if it sustains above 59.74.
EURINR – SPOT – 78.2875
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
76.15 74.60 69.80
Overall trend is positive. Pair is trading near to the important support level of 78.15. We are expecting
a bounce in the pair but advised to go long only if sustain above 78.75. If it sustains below 78.10, we
may see lower levels of around 77.80-77.35 in coming days.
GBPINR – SPOT – 91.5445
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
89.50 87.50 81
Overall trend is positive. Pair is trading near to important support zone for short term trader’s
perspective. We may see rise till 92.33 but buy only if sustain above this level. On the down side, if
sustain below 91.40, we may see lower levels of 90.90 – 90.40 in coming days. If it crosses above
92.85, we are expecting it to touch 97 – 98 in coming sessions.
JPYINR – SPOT – 60.6250
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP DOWN
Trend Change Level
(Closing Basis)
59 57.30 65.50
Overall trend is positive on daily to weekly charts and monthly trend is still down. We may see some
bounce till 60.80 – 60.85. We will initiate longs only if it sustain above 61.40. Short term momentum
looks little weak and we may see levels of around 59.80. Below 60.40, the downside momentum may
get some pace and we may see levels of 59.80 – 58.80.
3. Monday, 24th
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 – 1.3115
Overall trend has again turned down for the pair. We may see levels of around 1.3025 – 1.3030. If
sustain below 1.3030, next lower level where the pair may get support is at 1.2950 where we are
suggesting short term traders to initiate long positions. Now only above 1.3250, positive momentum
will get start.
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