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Axis Securities

Published on 18/02/2020 11:01:47 AM

GBPINR

GBPINR opened on a flat note but selling led GBPINR downwards to end in red. GBPINR closed at 92.88 with a loss of 0.27 %.

On the daily chart GBPINR has formed a sizable Bearish candle forming lower High-low compare to previous session and has closed below previous session's low indicating negative bias GBPINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. GBPINR is trading below 20 day SMA's which is important short term moving average, indicating negative bias in the short to medium term

The chart pattern suggests that if GBPINR crosses and sustains above 93 level it would witness buying which would lead GBPINR towards 93.40-93.60 levels. However if GBPINR breaks below 92.80 level it would witness selling which would take GBPINR towards 92.50-92.20.

The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative from the overbought zone and are below their respective reference lines indicating negative bias

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SEBI Registration number is INZ000161633

Axis Securities

Published on 18/02/2020 11:01:35 AM

JPYINR

JPYINR opened on a flat note but selling led JPYINR downwards to end in red. JPYINR closed at 64.99 with a loss of 0.17 %.

On the daily chart JPYINR has formed a long Bearish candle indicating sustained selling pressure Since past four days JPYINR is consolidating within 64.80-65.30 levels indicating short term consolidation . JPYINR is trading below 20 and 50 day SMA's which are important short term moving averages, indicating negative bias in the short to medium term

The chart pattern suggests that if JPYINR crosses and sustains above 65.20 level it would witness buying which would lead JPYINR towards 65.40- 65.60 levels. However if JPYINR breaks below 64.90 level it would witness selling which would take JPYINR towards 64.70-64.50.

The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative from the overbought zone and are below their respective reference lines indicating negative bias

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SEBI Registration number is INZ000161633

Axis Securities

Published on 18/02/2020 11:01:20 AM

EURINR

EURINR opened with a downward gap and remained in a small range throughout the day. EURINR closed at 77.43 with a loss of 0.11 %.

On the daily chart EURINR has formed a small bearish candle forming lower High-low compare to previous session indicating negative bias EURINR is moving in a Lower Top and Lower Bottom formation on the hourly chart indicating short term downtrend. EURINR is trading below 20 and 50 day SMA's which indicating negative bias in the short term

The chart pattern suggests that if EURINR breaks and sustains below 77.40 level it would witness selling which would lead EURINR towards 77.20-77 levels. However if EURINR crosses above 77.50 level it would witness buying which would take EURINR towards 77.80-78.

The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative from the overbought zone and are below their respective reference lines indicating negative bias

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For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633

Axis Securities

Published on 18/02/2020 11:01:06 AM

USDINR

USDINR opened with an upward gap but witnessed selling from the opening tick to end near the day's low. USDINR closed at 71.34 with a loss of 0.12 %.

On the daily chart USDINR has formed a long Bearish candle indicating sustained selling pressure Since past 5-6 sessions USDINR continue to consolidate within 71.20 - 71.60 levels indicating short term sideways trend. USDINR is trading below 20 and 50 day SMA's which are important short term moving averages, indicating negative bias in the short to medium term

The chart pattern suggests that if USDINR crosses and sustains above 71.50 level it would witness buying which would lead USDINR towards 71.70- 71.90 levels. However if USDINR breaks below 71.30 level it would witness selling which would take USDINR towards 71.10-70.90.

The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative from the overbought zone and are below their respective reference lines indicating negative bias

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For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633

Axis Securities

Published on 17/02/2020 11:37:52 AM

GBPINR

* GBPINR opened with an upward gap and remained in positive terrain throughout the day. GBPINR closed at 93.16 with a gain of 0.45 %.

* On the daily chart GBPINR has formed a sizable bullish candle forming higher High-Low compare to previous session and closed above previous session's high indicating positive bias. GBPINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. Currently GBPINR is sustaining above its 20 day SMA which support bullish sentiments in near term.

* The chart pattern suggests that if GBPINR crosses and sustains above 93.20 level it would witness buying which would lead GBPINR towards 93.40- 93.60 levels. However if GBPINR breaks below 93 level it would witness selling which would take GBPINR towards 92.70-92.05.

* The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633

Axis Securities

Published on 17/02/2020 11:37:40 AM

JPYINR

* JPYINR opened on a flat note and traded with positive bias in narrow range throughout the day. JPYINR closed at 65.10 with a loss of 0.06 %.

* On the daily chart JPYINR has formed a bullish candle however it remained restricted within previous session's High-Low range indicating absence of strength on either side Since past four days JPYINR is consolidating within 64.80-65.30 levels indicating short term consolidation . JPYINR is trading below 20 and 50 day SMA's which are important short term moving averages, indicating negative bias in the short to medium term

* The chart pattern suggests that if JPYINR crosses and sustains above 65.20 level it would witness buying which would lead JPYINR towards 65.40- 65.60 levels. However if JPYINR breaks below 65 level it would witness selling which would take JPYINR towards 64.80-64.60.

* The daily strength indicator RSI is moving downwards and is quoting below its reference line indicating negative bias. However momentum oscillator Stochastic has turned positive from the oversold zone indicating a possible consolidation or a up-move in the near term

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SEBI Registration number is INZ000161633

Axis Securities

Published on 17/02/2020 11:37:28 AM

EURINR

* EURINR opened with a downward gap however buying momentum at lower levels pulled it higher to end near day's high. EURINR closed at 77.52 with a loss of 0.24 %.

* On the daily chart EURINR has formed a bullish candle however it has formed a lower High-Low compare to previous session indicating negative bias. EURINR is moving in a Lower Top and Lower Bottom formation on the hourly chart indicating short term downtrend. EURINR is trading below 20 and 50 day SMA's which indicating negative bias in the short term

* The chart pattern suggests that if EURINR breaks and sustains below 77.40 level it would witness selling which would lead EURINR towards 77.20-77 levels. However if EURINR crosses above 77.60 level it would witness buying which would take EURINR towards 77.80-78.

* The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative from the overbought zone and are below their respective reference lines indicating negative bias

Click Here- https://bit.ly/2P10Z3o

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633

Axis Securities

Published on 17/02/2020 11:37:14 AM

USDINR

* USDINR opened on a flat note and traded with positive bias in narrow range throughout the day. USDINR closed at 71.44 with a gain of 0.06 %.

* On the daily chart USDINR has formed a bullish candle however it remained restricted within previous two session's High-Low range indicating absence of strength on either side Since past 5-6 sessions USDINR continue to consolidate within 71.20 - 71.60 levels indicating short term sideways trend. Currently USDINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term.

* The chart pattern suggests that if USDINR crosses and sustains above 71.50 level it would witness buying which would lead USDINR towards 71.70- 71.90 levels. However if USDINR breaks below 71.30 level it would witness selling which would take USDINR towards 71.10-70.90.

* The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

Click Here- https://bit.ly/2P10Z3o

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633

Axis Securities

Published on 14/02/2020 11:56:51 AM

GBPINR

GBPINR opened on a flat note and traded with positive bias in narrow range throughout the day. GBPINR closed at 92.71 with a loss of 0.07 %.

On the daily chart GBPINR has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction Since past 5-6 sessions GBPINR continue to consolidate within 91.80- 93 levels indicating short term sideways trend. GBPINR is trading below 20 day SMA's which is important short term moving average, indicating negative bias in the short to medium term

The chart pattern suggests that if GBPINR crosses and sustains above 92.80 level it would witness buying which would lead GBPINR towards 93-93.20 levels. However if GBPINR breaks below 92.60 level it would witness selling which would take GBPINR towards 92.30-92.

The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

Click Here- https://bit.ly/2Hnjs68

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633

Axis Securities

Published on 14/02/2020 11:56:37 AM

JPYINR

JPYINR opened with an upward gap and remained in positive terrain throughout the day. JPYINR closed at 65.16 with a gain of 0.22 %.

On the daily chart JPYINR has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. Since past four days JPYINR is consolidating within 64.80- 65.30 levels indicating short term consolidation . JPYINR is trading below 20 and 50 day SMA's which are important short term moving averages, indicating negative bias in the short to medium term

The chart pattern suggests that if JPYINR crosses and sustains above 65.20 level it would witness buying which would lead JPYINR towards 65.40- 65.60 levels. However if JPYINR breaks below 65 level it would witness selling which would take JPYINR towards 64.80-64.60.

The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

Click Here- https://bit.ly/2Hnjs68

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633