2. Monday, 06th
May 2013 - www.shahadvisory.com
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USDINR – SPOT – 53.94
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION SIDEWAYS DOWN UP
Trend Change Level
(Closing Basis)
53.70 54.90 53.90
Overall trend is looking sideways to positive. Any close below 53.70 will turn trend down on daily
basis. It has just bounced from the same level and now trading around 53.94 levels. In next week it
looks like it will trade in the same zone of 53.70-54.40. We are advising to buy above 54.06 levels
with expected higher levels of 54.17-54.25-54.40 keeping stop at 53.84.
EURINR – SPOT – 70.8055
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN UP UP
Trend Change Level
(Closing Basis)
71.06 68.50 69.50
Overall trend on daily basis is down. It is currently trading in the range of 71.10-70.30. It may go to
the levels of 71.10-71.13 and if not sustain there than it will again come down to 70.80-70.60. If it
manages to sustain above 71.10 than next higher level will be 71.50-71.80.
GBPINR – SPOT – 83.91
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level
(Closing Basis)
84.55 84.80 80.19
Overall trend on daily chart looks down but it looks like it may cross the resistance of 84.55. Once it
closes above 84.55, we may see the higher levels of 85-86. Alternatively one may look for going short
around 84.17-84.50 range with closing basis stop loss of 84.55 for the expected lower levels of 83.50-
83.
JPYINR – SPOT – 54.99
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN DOWN
Trend Change Level
(Closing Basis)
57.85 58 66.10
Overall trend is down on all the timeframes. If sustains above 55.85 than we are expecting it to go to
58 levels.
EURUSD – 1.3114
Overall it looks like the pair is trying to 1.318-1.32 zones. Once it sustains above 1.32, we are
expecting it to go to 1.33-1.35 levels.
3. Monday, 06th
May 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
Weekly Support & Resistance levels
Scrip Close S3 S2 S1 Trend
Down
Trend
Up
R1 R2 R3
USDINR 53.94 53.21 53.38 53.60 53.81 54.11 54.40 54.66 54.83 54.95
EURINR 70.8055 70.03 70.31 70.48 70.62 70.82 70.95 71.10 71.43 71.62
GBPINR 83.9166 82.79 83.24 83.48 83.68 83.95 84.13 84.40 84.67 84.84
JPYINR 54.9982 53.98 54.33 54.55 54.85 55.09 55.25 55.47 55.81 56.16
EURUSD 1.3114 1.2895 1.2946 1.3028 1.3074 1.3110 1.3161 1.3197 1.3244 1.3294
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