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USDINR

USDINR opened with a downward gap and remained negative throughout the day. USDINR closed at 81.32 with a loss of 0.62 %.

On the daily chart USDINR has formed a sizable bearish candle and closed below previous session's low indicating weakness USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 81.90 level it would witness buying which would lead USDINR towards 82.20-82.40 levels. However if USDINR breaks below 81.20 level it would witness selling which would take USDINR towards 81-80.80.

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 upmove in the near term

EURINR

EURINR opened with a downward gap and remained in a small range throughout the day. EURINR closed at 88.11 with a loss of 0.51 %.

On the daily chart EURINR has formed a small bullish candle carrying long lower shadow indicating buying support at lower levels EURINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. Currently EURINR is sustaining above its 20 day SMA which support bullish sentiments in near term.

For the day if EURINR trade and sustains above 88.45 levels then it may move further upward towards 88.70-89 levels. On the downside an immediate intraday support is around 88.05 levels.

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

JPYINR

JPYINR opened with downward gap and remained extreme volatile throughout the session.. JPYINR closed at 62.99 with a loss of 0.97 %.

On the daily chart JPYINR has formed a small bullish candle carrying long lower shadow indicating buying support at lower levels JPYINR continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently JPYINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term. The chart pattern suggests that if JPYINR crosses and sustains above 63.05 level it would witness buying which would lead JPYINR towards 63.25-63.40 levels.

However if JPYINR breaks below 62.25 level it would witness selling which would take JPYINR towards 62-61.80.

The daily strength indicator RSI is moving upwards and above its reference line indicating positive bias. However momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation or a down move in the near term

GBPINR

GBPINR opened with an upward gap and remained lackluster throughout the session.. GBPINR closed at 100.49 with a gain of 0.49 %.

On the daily chart GBPINR has formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels GBPINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 100.55 level it would witness buying which would lead GBPINR towards 100.80-101.10 levels.

However if GBPINR breaks below 100.20 level it would witness selling which would take GBPINR towards 99.90-99.60 .

The daily strength indicator RSI is moving upwards and above its reference line indicating positive bias. However momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation or a down move in the near term

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