2. Monday, 08th
July 2013 ๏ธ - www.shahadvisory.com
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Shah Advisory โ Weekly Currency Newsletter
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2
USDINR โ SPOT โ 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 โ 59.20 โ 59. On the other side, if sustain above 60.50, we may see
higher levels of 60.70 โ 61.
EURINR โ SPOT โ 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 โ 76.85 in coming days. Only
if it sustain above 78.20, we may see higher levels of 78.50 โ 79.
GBPINR โ SPOT โ 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 โ 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 โ SPOT โ 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 โ 61.20.
3. Monday, 08th
July 2013 ๏ธ - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory โ Weekly Currency Newsletter
๏ฉ +91 84600 32788 ๏ช support@shahadvisory.com
Save Trees. Do not Print. Read Disclaimer on our website
3
EURUSD โ 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 โ 1.2950.
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