Daily forex report 07 feb 2014 (1)epicresearch

FOREX TECHNICAL REPORT……!!!!

07- FEBRUARY-2014, FRIDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

06-Feb-2014

62.5045

101.9198

84.4994

61.5900

05-Feb-2014

62.4525

102.0099

84.3548

61.5800

04-Feb-2014

62.6815

101.9765

84.7805

62.1200

03-Feb-2014

62.6891

102.9668

84.5780

61.4100

31-Jan-2014

62.4768

102.9493

84.6022

60.9600

30-Jan-2014

62.7335

103.8679

85.6075

61.2200

29-Jan-2014

62.2005

103.1160

84.9640

60.2200

28-Jan-2014

62.9898

104.6135

86.1715

61.3600

27-Jan-2014

62.7145

103.5040

85.8228

61.2100

24-Jan-2014

62.1770

103.3817

85.0894

60.1400

2|Page WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

JPY/INR DAILY TECHNICAL LEVELS JPY/INR DAILY CANDLESTICK CHART

S2 – 61.4042

S1 – 61.5633

PIVOT – 61.7192

R1 – 61.8783

R2 – 62.0342

TECHNICAL OUTLOOK: JPY/INR (NSE/MCX-SX) has closed @ 61.7225. If JPY/INR breaks the level of @ 61.55 then it can touch the level of @ 61.42 and @ 61.28 respectively.

3|Page WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

NEAR TERM OUTLOOK FOR YEN:

JPY / INR Feb. futures contract (NSE)

Sell

below

View : Bearish on JPY

61.55

Market Lot : JPY 1000

Target : 61.42 / 61.28

Stop Loss : 61.84

Support: S1/ S2 : 61.5633 / 61.4042

Resistance : R1/R2 : 61.8783 / 62.0342

4|Page WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

DISCLAIMER 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

5|Page WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

CONTACT US: WWW.EPICRESEARCH.CO

Epic Research Private Limited Corporate Office 411 Milinda Manor (Suites 409 - 417) 2 RNT MargOpp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 / 2427 / 2230 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639

6|Page WWW.EPICRESEARCH.CO CALL: +917316642300