This Indian forex report provides analysis and trading strategies for the Indian forex market. It includes the daily reference rates for USD, GBP, Euro, and Yen. The report also features technical analysis charts and levels for USD/INR, as well as a near-term bullish outlook on USD with buy and target levels. The report is produced by Epic Research to help traders make decisions on the Indian forex market.

1. 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. USDINR Chart, Levels and Charts Justification.
3. Technical outlook of USDINR.
4. Near Team Outlook for Rupee.

2. INDIAN FOREX DAILY NEWSLETTER
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FOREX TECHICAL REPORT……!!!!
14- AUGUST-2013, WEDNESDAY

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RBI DAILY REFRENCE RATES
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
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
05-Aug-2013 60.8220 92.9664 80.7335 61.7700
02-Aug-2013 60.8035 91.9531 80.3655 61.0400
01-Aug-2013 60.7423 92.0550 80.6025 61.6900
31-Jul-2013 61.1150 92.9742 80.9535 62.4400
30-Jul-2013 59.8280 91.7582 79.3277 60.8400

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USD/INR DAILY TECHNICAL LEVELS
USD/INR FOUR HOURLY CANDLESTICK CHART
S2 – 60.5725 S1 – 60.9475 PIVOT – 61.3575 R1 – 61.7325 R2 – 62.1425
TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed above major support level @61.23. If USD/INR sustain above this level then touch
the level @61.55 and @61.77 respectively.

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NEAR TERM OUTLOOK FOR EURO:
USD/ INR July futures contract (NSE) View: Bullish on USD
Buy USD at 61.32 Market Lot: USD 1000
Target: 61.55/ 61.77 Stop Loss: 60.90
Support: S1/ S2: 60.9475 / 60.5725 Resistance: R1/R2: 61.7325 / 62.1425

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