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INDIAN FOREX WEEKLY REPORT 19th MAY-2014 TO 24th MAY-2014

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WEEKLY MARKET OUTLOOK 19th MAY-2014 TO 24th MAY-2014

CURRENCY FUTURES SNAPSHOT CURRENCY

CONTRACT

OPEN

HIGH

LOW

CLOSE

% CHANGE

USD-INR

MAY-2014

60.0600

60.0850

58.7225

59.0500

-1.82%

EUR-INR

MAY-2014

82.7400

82.9900

80.5675

80.9125

-2.47%

GBP-INR

MAY-2014

101.3800

101.6275

98.6000

99.2425

-2.25%

JPY-INR

MAY-2014

58.9975

58.9975

57.8525

58.2450

-1.53%

WEEKLY SUPPORT & RESISTANCE CURRENCY

SUPPORT-2

SUPPORT-1

PIVOT

RESISTANCE-1

RESISTANCE-2

USD-INR

57.9233

58.4867

59.2858

59.8492

60.6483

EUR-INR

79.0675

79.9900

81.4900

82.4125

83.9125

GBP-INR

96.7958

98.0192

99.8233

101.0467

102.8508

JPY-INR

57.2200

57.7325

58.3650

58.8775

59.5100

YOUR MINTVISORY

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WEEKLY MARKET OUTLOOK 19th MAY-2014 TO 24th MAY-2014

CURRENCY MARKET OVERVIEW CURRENCY

LAST PRICE

CHANGE

% CHANGE

DOLLAR INDEX

80.12

0.2000

0.25%

USD-INR (SPOT)

58.8610

-1.1930

-1.99%

USD-INR (MAY-2014)

59.0500

-1.0950

-1.82%

EUR-USD (SPOT)

1.3694

-0.0063

-0.46%

EUR-INR (SPOT)

80.7166

-2.3572

-2.84%

EUR-INR (MAY-2014)

80.9125

-2.0500

-2.47%

GBP-USD (SPOT)

1.6813

-0.0037

-0.22%

GBP-INR (SPOT)

98.8217

-2.8317

-2.79%

GBP-INR (MAY-2014)

99.2425

-2.2800

-2.25%

USD-JPY (SPOT)

101.5200

-0.3400

-0.33%

JPY-INR (SPOT)

57.9700

-1.0900

-1.85%

JPY-INR (MAY-2014)

58.2450

-0.9050

-1.53%

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EPIC WEEKLY TOP PICKS 19th MAY-2014 TO 24th MAY-2014

USD-INR DAILY CANDLESTICK CHART

TRADING STRATEGY : USD-INR has closed @ 59.0475. If it breaks the level of 58.92, it can touch the level of 58.72 & 58.52 respectively. If it sustain above the level of 59.41, it can touch the level of 59.61 & 59.81 respectively. SELL USD-INR BELOW 58.92 TGTS 58.72, 58.52 SL 59.23. BUY USD-INR ABOVE 59.41 TGTS 59.61, 59.81 SL 59.10.

YOUR MINTVISORY

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EPIC WEEKLY TOP PICKS 19th MAY-2014 TO 24th MAY-2014

EUR-INR DAILY CANDLESTICK CHART

TRADING STRATEGY : EUR-INR has closed @ 80.9200. If it breaks the level of 80.80, it can touch the level of 80.60 & 80.38 respectively. If it sustain above the level of 81.57, it can touch the level of 81.77 & 81.99 respectively. SELL EUR-INR BELOW 80.80 TGTS 80.60, 80.38 SL 81.11. BUY EUR-INR ABOVE 81.57 TGTS 81.77, 81.99 SL 81.26.

YOUR MINTVISORY

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EPIC WEEKLY TOP PICKS 19th MAY-2014 TO 24th MAY-2014

GBP-INR DAILY CANDLESTICK CHART

TRADING STRATEGY : GBP-INR has closed @ 99.2350. If it breaks the level of 99.12, it can touch the level of 98.92 & 98.70 respectively. If it sustain above the level of 99.70, it can touch the level of 99.90 & 100.12 respectively. SELL GBP-INR BELOW 99.12 TGTS 98.92, 98.70 SL 99.43. BUY GBP-INR ABOVE 99.70 TGTS 99.90, 100.12 SL 99.39.

YOUR MINTVISORY

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EPIC WEEKLY TOP PICKS 19th MAY-2014 TO 24th MAY-2014

JPY-INR DAILY CANDLESTICK CHART

TRADING STRATEGY : JPY-INR has closed @ 58.2425. If it breaks the level of 58.14, it can touch the level of 57.94 & 57.74 respectively. If it sustain above the level of 58.64, it can touch the level of 58.84 & 59.06 respectively. SELL JPY-INR BELOW 58.14 TGTS 57.94, 57.74 SL 58.45. BUY JPY-INR ABOVE 58.64 TGTS 58.84, 59.06 SL 58.33.

YOUR MINTVISORY

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The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Research Analyst : Nilesh Jain YOUR MINTVISORY

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Weekly forex report 19 may 2014 by epic research  

Epic research is one of the leading financial advisory company of India which is providing services regarding Forex market .epic research h...

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