Daily forex report 26 feb 2014byepicresearch

FOREX TECHNICAL REPORT……!!!!

26- FEBRUARY-2014, WEDNESDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

25-Feb-2014

61.9765

103.3086

85.1435

60.5100

24-Feb-2014

62.1185

103.3838

85.3235

60.7100

21-Feb-2014

62.1618

103.4435

85.2685

60.6600

20-Feb-2014

62.2843

103.8404

85.6995

61.1700

18-Feb-2014

62.1220

103.9301

85.1680

60.5100

17-Feb-2014

61.9495

104.0194

84.9485

60.9700

14-Feb-2014

62.2770

103.6663

85.1755

61.2200

13-Feb-2014

62.2725

103.4658

84.8710

61.0200

12-Feb-2014

62.1250

102.2515

84.7215

60.6000

11-Feb-2014

62.4390

102.4811

85.2813

61.0100

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

S2 – 62.1008

S1 – 62.1717

PIVOT – 62.2483

R1 – 62.3192

R2 – 62.3958

TECHNICAL OUTLOOK: USD/INR (NSE/MCX-SX) has closed @ 62.2425. If USD/INR breaks the level of @ 62.17 then it can touch the level of @ 62.04 and @ 61.90 respectively.

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NEAR TERM OUTLOOK FOR DOLLAR:

USD / INR Mar. futures contract (NSE)

Sell

below

View : Bearish on USD

62.17

Target : 62.04 /

Market Lot :

61.90

Support: S1/ S2 : 62.1717 / 62.1008

Stop Loss :

USD 1000

62.46

Resistance : R1/R2 : 62.3192 / 62.3958

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