Insignia Consultants
New Delhi
Monday, May 6, 2019
TIME: 8:15 am IST
FOREX TECHNICAL LEVELS
(inter-bank prices below)
Yen fell against the US dollar on safe haven
demand as Trump announced new trade tariffs on Chinese goods if trade talks
fail. Currency markets will be volatile this week. Japan is closed today. The
next two days till Wednesday is very crucial for Yen. Trend will keep on
fluctuating. News on US-China trade talks will be the key in the absence of
major economic news.
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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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1.1189
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1.3140
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110.55
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14305.00
|
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S5
|
1.1100
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1.2900
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109.23
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14,015.40
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S4
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1.1124
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1.2966
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109.69
|
14,072.90
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S3
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1.1151
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1.3037
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109.72
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14,135.20
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S2
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1.1163
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1.3069
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110.00
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14,163.47
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S1
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1.1178
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1.3109
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110.25
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14,198.45
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R1
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1.1226
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1.3237
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110.80
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14,311.55
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R2
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1.1241
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1.3277
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111.09
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14,346.53
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R3
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1.1253
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1.3310
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111.39
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14,374.80
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R4
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1.1280
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1.3380
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111.54
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14,437.10
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R5
|
1.1304
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1.3446
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111.76
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14,494.60
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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: Crash will be there below
1.1166.
Gbp/usd: Cable looks headed for 1.3300
as long as it trades over 1.3096. Immediate resistance is at 100 week moving
average at 1.3233.
Usd/Idr: Key long term resistance is at
14418 with 100 day moving average at 14180 as key support. Sustained lower
crude oil prices should benefit the Rupiah.
Usd/jpy: Crash will be there below 110.18.
Key resistance is at 100 day moving average around 110.80.
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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