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7/31/2019 Currency Mechanics 110512
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Currency Mechanics Daily11 May 2012
Currency Mechanics1
USD INR MAY
close 10 day Trend L1 L2 CP R1 R2
53.5875 53.3735 UP 52.1783 53.1308 53.6267 54.0833 55.0358
Hold short position with a stop loss of 54.1775.
Exit long and sell on rise to 53.6267 or above to 54.0833 with a stop loss of 54.6375.
Expect lower range of 53.1308/52.1783 to be tested.
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Currency Mechanics Daily11 May 2012
Currency Mechanics2
EURO INR MAY
close 10 day TREND L1 L2 CP R1 R2
69.2775 69.9140 DOWN 67.5633 68.7383 69.3742 69.9133 71.0883
A breakout and close above 71.2900 can stage the next round of rally.
Exit long and sell on rise to 69.3742-69.9133 with a stop loss of71.30.
Expect lower range of 68.7383/67.5633 to be tested.
.
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Currency Mechanics Daily11 May 2012
Currency Mechanics3
JPY INR APRIL
close 10 day TREND L1 L2 CP R1 R2
67.2225 66.5708 UP 65.5042 66.6692 67.2808 67.8342 68.9992
A channeled up move is being witnessed. The channel may be violated on the
downside only on fall below 66.1250.
Exit long on rise to 67.2808/67.8342 range as the opportunity arises.
Expect 66.6692/65.5042 to be tested.
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Currency Mechanics Daily11 May 2012
Currency Mechanics4
GBP INR MARCH
close 10 day TREND L1 L2 CP R1 R2
86.5200 86.3060 UP 84.3867 85.8067 86.5133 87.2267 88.6467
Exit long and sell on rise to 86.5133/87.2267 with a stop loss of 87.52.
Expect lower range of 86.8067/84.3867 to be tested.
Buy above 87.52 with low of the day stop loss or 85.50.
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Currency Mechanics Daily11 May 2012
Currency Mechanics5
Conclusion
Overall weakness in INR continues with minor intra-day volatility of strength.
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Currency Mechanics6
DISCLAIMER Trading and Investments decision taken on our consultation are solely at the discretion of the traders/investors. We are not liablefor any loss, which occurs as a result of our recommendations. This document has been prepared on the basis of publicly
available information, internally developed data and other sources believed to be reliable. While we are not soliciting any actionbased upon this information, all care has been taken to ensure that the facts are accurate and opinions given fair and reasonable.Neither, Hitendra Vasudeo, Vasudeo Investments, www.stockmechanics.com, Profitak, Money Times, Times Communications(I) Ltd nor any of its employees shall be responsible for the contents. Our directors or employees, may from time to time, have
positions in, or options on, and buy and sell securities referred in our reports.