Daily forex report by epic research 31 dec 2013

FOREX TECHNICAL REPORT……!!!!

31- DECEMBER-2013, TUESDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

30-Dec-2013

62.0028

102.1682

85.1855

58.8600

27-Dec-2013

62.0595

102.0320

85.2748

59.2300

26-Dec-2013

61.9755

101.4911

84.7925

59.1500

24-Dec-2013

61.8668

101.1027

84.6510

59.3700

23-Dec-2013

61.9915

101.3747

84.8180

59.5800

20-Dec-2013

62.2420

101.8092

84.8774

59.5900

19-Dec-2013

62.3800

102.1535

85.2945

59.9800

18-Dec-2013

61.9176

100.8328

85.2692

60.1600

17-Dec-2013

61.9580

101.1402

85.3345

60.1700

16-Dec-2013

62.1024

101.2704

85.4284

60.4000

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

S2 – 62.0208

S1 – 62.1392

PIVOT – 62.3283

R1 – 62.4467

R2 – 62.6358

TECHNICAL OUTLOOK: USD/INR (NSE/MCX-SX) has closed @62.2575. If USD/INR breaks the level of @62.15 then it can touch the level of @61.99 and @61.79 respectively.

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NEAR TERM OUTLOOK FOR RUPEE:

USD / INR Jan. futures contract (NSE)

View : Bearish on USD

Sell below 62.15

Market Lot : USD 1000

Target : 61.99 / 61.79

Stop Loss : 62.51

Support: S1/ S2 : 62.1392 / 62.0208

Resistance : R1/R2 : 62.4467 / 62.6358

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