Daily forex report 10 feb 2014epicresearch

FOREX TECHNICAL REPORT……!!!!

10- FEBRUARY-2014, MONDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

07-Feb-2014

62.3155

101.7768

84.6830

61.0100

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

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USD/INR DAILY TECHNICAL LEVELS USD/INR DAILY CANDLESTICK CHART

S2 – 62.2642

S1 – 62.3583

PIVOT – 62.4992

R1 – 62.5933

R2 – 62.7342

TECHNICAL OUTLOOK: USD/INR (NSE/MCX-SX) has closed @ 62.4525. If USD/INR breaks the level of @ 62.38 then it can touch the level of @ 62.25 and @ 62.12 respectively.

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NEAR TERM OUTLOOK FOR DOLLAR:

USD / INR Feb. futures contract (NSE)

Sell

below

View : Bearish on USD

62.38

Market Lot : USD 1000

Target : 62.25 / 62.12

Stop Loss : 62.67

Support: S1/ S2 : 62.3583 / 62.2642

Resistance : R1/R2 : 62.5933 / 62.7342

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