Currency Weekly - 08-07-2013

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Currency Weekly - 08-07-2013

  1. 1. SHAH ADVISORY 2013 Weekly Currency Newsletter 08-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Monday, 08th 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 – 60.24 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 58.05 57.50 54.30 Overall trend is positive. The pair will find support around 59.95 levels. If sustain below it than we may see lower levels of 59.40 – 59.20 – 59. On the other side, if sustain above 60.50, we may see higher levels of 60.70 – 61. EURINR – SPOT – 77.5810 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 76.70 74.80 70.30 Overall trend is positive. It looks from the chart that pair is trading near to very important support level of 77.50. If sustain below it than we may see lower levels of 77.25 – 76.85 in coming days. Only if it sustain above 78.20, we may see higher levels of 78.50 – 79. GBPINR – SPOT – 90.2115 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 90.30 87.50 85.60 Overall trend is positive. For very short term, we may see lower levels of 89.80 – 89.50 in coming days. If it comes to 89.50, short term traders may look for buying with stop at 89.15. On the other side, if sustain above 91.20, we may see higher levels of 92.05 and higher. JPYINR – SPOT – 60.2150 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP DOWN Trend Change Level (Closing Basis) 59.50 57.30 64.85 Overall trend is positive and monthly trend is down. If sustain below 59.50 on closing basis, daily trend will turn down and we may see lower levels of 57.50. If sustain above 60.65, look for buying with stop at 60 for possible higher levels of 60.85 – 61.20.
  3. 3. Monday, 08th 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 – 1.2827 Overall trend is down. As we advised last week, it attained target of 1.28 as made a low around 1.2803. We are expecting that pair will bounce from 1.2760 levels. If it closes above 1.2860, we may see higher levels 1.29 – 1.2950. YOU CAN ALSO VIEW THIS REPORT ON THE WEB-

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