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INDIAN FOREX DAILY REPORT 20th MAY-2014

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DAILY MARKET OUTLOOK 20th MAY-2014

CURRENCY FUTURES SNAPSHOT CURRENCY

CONTRACT

OPEN

HIGH

LOW

CLOSE

% CHANGE

OPEN INT.

USD-INR

MAY-2014

58.6700

58.7050

58.4600

58.5950

-0.77%

921410

EUR-INR

MAY-2014

80.4850

80.5050

80.1225

80.3700

-0.67%

62433

GBP-INR

MAY-2014

98.7575

98.8850

98.3500

98.5500

-0.70%

33019

JPY-INR

MAY-2014

57.9600

58.0500

57.6375

57.9750

-0.46%

10097

INTRADAY SUPPORT & RESISTANCE CURRENCY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

USD-INR

58.3417

58.4683

58.5867

58.7133

58.8317

EUR-INR

79.9500

80.1600

80.3325

80.5425

80.7150

GBP-INR

98.0600

98.3050

98.5950

98.8400

99.1300

JPY-INR

57.4750

57.7250

57.8875

58.1375

58.3000

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RBI DAILY REFRENCE RATES 20th MAY-2014

TRADE DATE

1 USD

1 GBP

1 EURO

100 YEN

16-May-2014

58.8610

98.8217

80.7166

57.9700

15-May-2014

59.4745

99.7031

81.5526

58.3400

13-May-2014

59.8773

100.9831

82.4035

58.5500

12-May-2014

59.7290

100.8166

82.2235

58.6000

09-May-2014

60.0540

101.6534

83.0738

59.0600

08-May-2014

59.9913

101.7512

83.4805

58.9600

07-May-2014

60.0399

101.9658

83.5840

59.1700

06-May-2014

60.2020

101.6752

83.5532

59.0000

05-May-2014

60.0475

101.3181

83.3423

58.8800

02-May-2014

60.2250

101.6839

83.4590

58.7700

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EPIC DAILY TOP PICKS 20th MAY-2014

GBP-INR DAILY CANDLESTICK CHART

TRADING STRATEGY : GBP-INR has closed @ 98.5725. If it breaks the level of 98.47, it can touch the level of 98.33 & 98.15 respectively. If it sustain above the level of 98.80, it can touch the level of 98.94 & 99.09 respectively. SELL GBP-INR BELOW 98.47 TGTS 98.33, 98.15 SL 98.68. BUY GBP-INR ABOVE 98.80 TGTS 98.94, 99.09 SL 98.59.

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TODAY'S ECONOMIC EVENTS 20th MAY-2014

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Daily forex report 20 may 2014 by epic research