2. Monday, 10th
June 2013 - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Weekly Currency Newsletter
+91 84600 32788 support@shahadvisory.com
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2
USDINR – SPOT – 57.07
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
56.60 55.25 54.05
Overall trend is positive. As we were advising that 55-55.20 zone will be important and once it
crosses than next immediate level would be 56, it has attained all the levels and trading above 57.
Now it is trading near to our final target of 57.25-57.30. We are advising to look for booking profit
around these levels and we are expecting some profit booking in the pair. 54.60 will now act as a
strong support level. If it sustains below 56.60, look for shorting for possible lower levels of 56-56.05.
EURINR – SPOT – 75.6885
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
72.20 73 69.80
Overall trend is positive. Those who are holding long positions need to keep stop at 75. If it trades
below 75, than look for shorting for possible lower levels of 74.50 initially and than 73.70.
GBPINR – SPOT – 88.9155
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
84.50 85.60 80.80
Overall trend is positive. We mentioned in earlier report that good trading range is expected in the
pair. We advised to buy above 84.60 for initial target of 86 and the same has already attained. Those
who are holding long positions need to keep stop at 87.80. Look for buying if it comes to around
85.50-85.60 levels. Short term trades can look for shorting if it sustain below 87.80 for initial target of
87.
JPYINR – SPOT – 59.70
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP DOWN
Trend Change Level
(Closing Basis)
54.85 55.50 65.50
Overall trend is positive and monthly trend is down. We advised to buy the pair in the range of 51.50-
52.50-54 for short to medium term. It has attained our initial target of 56 and made a high around 60
levels. Those who are holding long positions are advised to book 70% profit around current levels and
trail stop to 57.40 for the remaining positions or if not want to take more risk than keep stop below
58.60. Those who are not holding any positions can look for going short if sustain below 58.60 for
initial target of 58.35 and 57.40.
3. Monday, 10th
June 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 – 1.3216
Overall trend is positive. It has crossed the level of 1.32 and is sustaining above the same level. Now
look for buying if it trades above 1.3310 for possible higher levels of 1.34 - 1.3430. Also if it does not
cross 1.3250 and trades below 1.3165, than we may see lower levels of 1.3110 – 1.3050.
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