Insignia Consultants
New Delhi
Tuesday, May 28, 2019
TIME: 7:38 am IST
FOREX TECHNICAL LEVELS
(inter-bank prices below)
European parliamentary elections are over.
France and UK can see political change as a result. Anti-immigrant but
pro-European leaders did not gain much representation. Any political stability
in Eurozone, and UK over the next few months will result in US dollar forming a
medium term top. Right now the momentum for US dollar Index is bullish. Asian
currencies should gain against the US dollar on lower crude oil prices.
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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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1.1183
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1.2673
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109.50
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14377.50
|
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S5
|
1.1062
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1.2523
|
108.42
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14,197.50
|
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S4
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1.1091
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1.2559
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108.68
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14,240.70
|
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S3
|
1.1123
|
1.2598
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108.96
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14,287.50
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S2
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1.1137
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1.2616
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109.09
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14,308.74
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S1
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1.1154
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1.2638
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109.25
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14,335.02
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R1
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1.1212
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1.2708
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109.75
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14,419.98
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R2
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1.1229
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1.2730
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109.91
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14,446.26
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R3
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1.1244
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1.2748
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110.04
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14,467.50
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R4
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1.1275
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1.2787
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110.32
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14,514.30
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R5
|
1.1304
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1.2823
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110.58
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14,557.50
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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) It needs to trade over
1.1211 to rise to 1.1265 and 1.1318. (b) Key weekly support is at 1.1158. Crash
will be there only below 1.1158.
Gbp/usd: (a) It needs to trade over
1.2715 to rise to 1.2764 and 1.2820. (b) Key weekly support is at 1.2611. Crash
will be there only below 1.2611.
Usd/Idr: (a) Key weekly support is at
14322. Sell off will be there only below 14322. (b) Key weekly resistance is at
14462.
Usd/jpy: (a) Crash or sell off will be
there below 109.10 this week. (b) Resistance is at 109.75. A break of 109.75
will result in 110.18 and 110.97.
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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