Insignia Consultants
New Delhi
Monday, May 20, 2019
TIME: 8:48 am IST
FOREX TECHNICAL LEVELS
(inter-bank prices below)
Momentum is bullish for US dollar. Higher crude
oil prices will also be bullish for the US dollar bearish for most Asian
currencies. Indonesian Rupiah is stuck in a range. Indian rupee can gain
sharply as exit polls suggest NDA into power.
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CURRENCY SPOT TECHNICAL LEVELS
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EURO/USD
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GBP/USD
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USD/JPY
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USD/IDR
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CMP
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1.1155
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1.2732
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110.22
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14452.50
|
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S5
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1.1039
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1.2520
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109.23
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14,312.50
|
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S4
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1.1067
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1.2571
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109.47
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14,346.10
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S3
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1.1097
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1.2626
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109.73
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14,382.50
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S2
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1.1111
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1.2651
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109.84
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14,399.02
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S1
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1.1128
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1.2682
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109.99
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14,419.46
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R1
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1.1182
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1.2782
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110.45
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14,485.54
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R2
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1.1199
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1.2813
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110.60
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14,505.98
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R3
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1.1213
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1.2838
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110.72
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14,522.50
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R4
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1.1243
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1.2893
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110.97
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14,558.90
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R5
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1.1271
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1.2944
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111.21
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14,592.50
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ALL PRICES VERSUS THE US DOLLARS ABOVE
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CMP = Current Market Price
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FOR SMALL TRADING/JOBBING PURPOSE
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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Euro/usd: (a) There is massive support
between 1.1090-1.1120 zone. Euro/usd needs to trade over this zone this week to
rise to 1.1271 and 1.1330. (b) Momentum is down. But oversold.
Gbp/usd: (a) 100% retracement is around
1.2662. Cable needs to trade over 1.2662 this week to rise to 1.2944 and
1.3050. (b) Momentum is down. But there can be sharp rallies as long as cable
trades over 1.2662.
Usd/Idr: Only a break of 14500 will
trigger another wave of rise.
Usd/jpy: (a) 100 day MA at 110.83 is the
key resistance. Yen can rise to 110.83 and 111.41 this week as long as it
trades over 109.82. (b) Crash or sell off will be there below 109.82 only.
Disclaimer: Any
opinions as to the commentary, market information, and future direction of
prices of specific currencies, crypto currency, metals and commodities reflect
the views of the individual analyst, In no event shall Insignia Consultants or
its employees have any liability for any losses incurred in connection with any
decision made, action or inaction taken by any party in reliance upon the
information provided in this material; or in any delays, inaccuracies, errors
in, or omissions of Information. Nothing in
this article is, or should be construed as, investment advice. Prepared by
Chintan Karnani
NOTES
TO THE ABOVE REPORT
PLEASE NOTE: HOLDS
MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN
INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
Indian Standard Time
(IST): +5:30 GMT
Current Market Price
(CMP)
All foreign exchange
prices are for inter-bank rates.
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