Currency Eagle Eye: USD-INR resumes up trend

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Rajesh Desai

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Aug 5, 2013, 8:18:56 AM8/5/13

Currency Eagle Eye

[August 05, 2013]

Sharekhan
www.sharekhan.com

Summary of Contents

USD-INR: Resumes up trend
Since the breakout from an ending diagonal in May, the USD-INR rallied smartly. On the way up, it crossed multiple resistances.

GBP-INR: Taken off
The GBP-INR in its previous fall had taken support near a long-term rising trendline (blue line).

EUR-INR: Bulls in control
In case of the EUR-INR, the short-term correction had found support near the medium-term rising trendline.

JPY-INR: A bullish cycle
As can be seen from the chart, the JPY-INR had fallen significantly. It achieved the equality target on the downside.

Click here to read report: Currency Eagle Eye

Regards, The Sharekhan Research Team	myac...@sharekhan.com
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