Currency Weekly - 17-06-2013

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Currency Weekly - 17-06-2013

  1. 1. SHAH ADVISORY2013Weekly CurrencyNewsletter17-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  2. 2. Monday, 17thJune 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Weekly Currency Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website2USDINR – SPOT – 57.5250TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION UP UP UPTrend Change Level(Closing Basis)56.60 56 54.05Overall trend is positive. Laws week we saw the pair moving to all time high level and then retraced alittle. We may see some bounce till 57.75-57.85 level in first half of the week but then we may see itgoing 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 thisrange will come at 58.80-58.90 zones.EURINR – SPOT – 76.6045TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION UP UP UPTrend Change Level(Closing Basis)73.95 73.80 69.80Overall trend is positive. Initially we may see some bounce till 77-77.20 levels but we are notexpecting it to sustain around the same levels. If it returns from the same levels, than we may seelower levels of 76. Alternatively, if it is sustaining above 77.25, than expect higher levels of 78initially.GBPINR – SPOT – 89.9735TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION UP UP UPTrend Change Level(Closing Basis)86.80 86.60 81Overall trend is positive. Very short term support around 89 levels. We are expecting it to come to thelevels of 89. On the higher side it will face resistance around 90.35-90.80 levels. Any rise to 90.80levels needs to be used to go short keeping stop at 91. If it sustains above 91, than look for buying forhigher levels of 91.80-92 initially. Any weekly close above 91 is very positive for the pair as nexttarget will be around 100 levels.JPYINR – SPOT – 60.6150TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION UP UP DOWNTrend Change Level(Closing Basis)57.20 56 65.50Overall trend on short to medium term is positive and monthly trend is down. Very short term supportaround 59 levels. Below 60.40, we are expecting it to come to 60.10 levels and than 59-59.15. Also onthe 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. 3. Monday, 17thJune 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Weekly Currency Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website3EURUSD – 1.334Overall trend is positive. We advised above 1.3310 we may see levels of 1.34 – 1.3430 and it almosttouched 1.34. Now if it trades below 1.3290, it may come to 1.3270 – 1.3180. On the higher side, if itsustains above 1.34 than we may see levels of 1.3430 – 1.35.YOU CAN ALSO VIEW THIS REPORT ON THE WEB-

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