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17 NOV- 21 NOV 2014 W E E K L Y R E P O R T Buy on fear, sell on greed. Buy on the rumor, sell on the news. The trend is your friend. Amateurs want to be right. Professionals want to make money. WWW.TRIFIDRESEARCH.CO M

Intraday Currency Tips By Trifid Research

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Trifid Research provide Daily Recommendations on Currency tips, Forex Tips & Usdinr Tips.

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Page 1: Intraday Currency Tips By Trifid Research

17 NOV- 21 NOV 2014

W E E K L Y

R

E

P

O

R

T

Buy on fear, sell on greed.

Buy on the rumor, sell on the news.

The trend is your friend.

Amateurs want to be right.

Professionals want to make money.

WWW.TRIFIDRESEARCH.COM

Page 2: Intraday Currency Tips By Trifid Research

REFERENCE RATE

(USD) 61.6475

REPO RATE 8%

REVERSE REPO 7%

CRR 4%

INFLATION 1.77%

KEY RATES As on 14/11/2014

MARKET EVENTS MARKET OUTLOOK

Indian Rupee tracked a continued

resurgence in dollar globally and

witnessed biggest single day fall on

Friday in last week despite strong

foreign buying which continued to

lift domestic share markets to record

highs and also positive domestic data

of IIP, CPI & WPI. It was third

consecutive weekly fall around 0.1

percent. It hit its lowest level nearly

a month on Friday’s session later half

weighed down by dollar demand

from state-run banks and sharp gains

in the greenback versus major

currencies. The index of the dollar

against six major currencies was up

0.25 percent.

Rupee sees biggest fall in a

week on broad dollar rise.

China's Yuan inches lower on

corporate dollar demand little

changed on week.

Dollar gets lift from strong US

retail data, yen decline.

Sterling hits 14-month low vs

dollar, UK-US yield gap

narrows.

CURRENCIES PREVIOUS

RATE

CURRENT

RATE % CHANGE

USDINR 61.8525 61.8650 0.02

EURINR 76.7175 77.0950 0.49

GBPINR 97.8650 96.9825 -0.90

JPYINR 53.7550 53.1800 -1.06

91

Page 3: Intraday Currency Tips By Trifid Research

USDINR

EURINR

USDINR last week also moved in the same range as of previous week and was found strong

support around 61.5400 and strong pull back was seen on last trading session towards 62.0000

mark. If it holds above 62.0000 then next major resistance range is seen 62.3000. While, on lower

side 61.5400 is still seen as crucial support for the week.

EURINR last week consolidated in the same range as of previous week but closed on a flat note

with positive bias. On daily charts, it may face resistance around the trend line i.e. near 77.4000

above which it may lead towards 77.70000-78.0000. While, if it continues the bearish trend then

immediate support range is seen around 76.6000-76.3000.

Page 4: Intraday Currency Tips By Trifid Research

CURRENCIES S1 S2 S3 R1 R2 R3 USDINR 61.5000

61.2000 60.9000 62.2000 62.5000 62.9000

EURINR 76.6000 76.3000 75.9000 77.4000 77.7000 78.2000

GBPINR 96.6000 96.2000 95.8000 97.6000 98.0000

98.4000

JPYINR 52.8000 52.4000 52.0000 53.6000

54.0000 54.4000

PIVOT TABLE

DATE TIME COUNTRY EVENT BLOOMBERG

ESTIMATE

PREVIOUS

LEVEL

18-NOV-2014 8:00

PM US PPI m/m -0.1% -0.1%

19-NOV-2014 8:00

PM US Building Permits 1.04 M 1.02M

20-NOV-2014 1:30

AM US

FOMC Meeting

Minutes _ _

20-NOV-2014 8:00

PM US

Unemployment

Claims 286K 290K

INTERNATIONAL UPDATES

Brazil’s Real Drops to Nine-Year Low as Petrobras Delays

Report.

Pound Declines for Fourth Week amid Euro-Area Deflation

Concern.

Yen Falls to 7-Year Low on Election-Stimulus Speculation.

Page 5: Intraday Currency Tips By Trifid Research

WWW.TRIFIDRESEARCH.COM

DISCLAIMER