Currency Weekly - 01-07-2013

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Currency Weekly - 01-07-2013

  1. 1. SHAH ADVISORY 2013 Weekly Currency Newsletter 01-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Monday, 01st July 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 2 USDINR – SPOT – 59.39 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 57.40 57.50 54.05 Overall trend is positive. Last week, we got trading opportunity on both the sides as per the levels given in our report. Now for this week, if sustain below 59.15, we may see levels of 58.77 – 58.65. We are expecting that pair will find support around this level. If not sustain at this level also, 58.35 will be the next support level. On the higher side, buy only if sustain above 59.72. EURINR – SPOT – 77.6340 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 76.70 74.80 69.80 Overall trend is positive. We are expecting some bounce in the pair in coming days till 78.15 levels. If sustain above it than look for buying. If sustain below 77.25, we may see levels of 76.80 – 76.65 initially. GBPINR – SPOT – 90.5175 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 90.30 87.50 85.60 Overall trend is positive. Initially, 90.30 – 90 remains to be the very strong support levels. If sustain below these levels, than we may see lower levels of 89 and below. If sustain above 90 levels, than we may see rise till 91.40 level. Look for this level, if sustain above it than look for buy position. Alternatively if not sustain at 91.40 and falls below 90.90 than look for shorting opportunity. JPYINR – SPOT – 59.97 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP DOWN Trend Change Level (Closing Basis) 59.80 57.30 65.50 Overall trend is positive and monthly trend is down. 59.70 looks very good support for the pair as of now. If it sustain above 60.60, we may see rise in the pair till 61.35 initially and than 61.95 is possible higher level. Alternatively, if sustain below 59.65 we may see lower levels.
  3. 3. Monday, 01st July 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 – 1.302 Overall trend is down. It looks like pair is taking support around 1.2980 levels and once trades above 1.3050. We may see rise till 1.31 and above. If it stays below 1.2980, we may see lower levels of 1.2865 – 1.28. YOU CAN ALSO VIEW THIS REPORT ON THE WEB-

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