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USDINR

USDINR opened with a downward gap and remained negative throughout the day. USDINR closed at 79.90 with a loss of 0.29 %. On the daily chart USDINR has formed a bearish candle forming lower High-low compare to previous session indicating negative bias USDINR is moving in a Lower Top and Lower Bottom formation on the hourly chart indicating short term downtrend. 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 80.10 level it would witness buying which would lead USDINR towards 80.25-80.35 levels. However if USDINR breaks below 79.80 level it would witness selling which would take USDINR towards 79.65-79.50. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

USDINR – DAILY CHART

EURINR

EURINR opened with an upward gap but witnessed selling from the opening tick to end near the day's low. EURINR closed at 81.13 with a loss of 0.61 %. 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 daily chart indicating sustained down trend. EURINR is trading below 20 day SMA which is important short term moving average, indicating negative bias in the short to medium term The chart pattern suggests that if EURINR breaks and sustains below 81.10 level it would witness selling which would lead EURINR towards 80.90-80.70 levels. Important Resistances for the day are placed at 82.20-82.40. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

EURINR – DAILY CHART

JPYINR

JPYINR opened with an upward gap and remained lackluster throughout the session.. JPYINR closed at 59.05 with a gain of 0.48 %. On the daily chart JPYINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. JPYINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up trend. 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 59.35 level it would witness buying which would lead JPYINR towards 59.55-59.75 levels. However if JPYINR breaks below 58.90 level it would witness selling which would take JPYINR towards 58.70-58.65. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR – DAILY CHART

GBPINR

GBPINR opened with an upward gap but witnessed selling from the opening tick to end near the day's low. GBPINR closed at 96.83 with a gain of 0.09 %. On the daily chart GBPINR has formed a small bearish candle carrying long upper shadow indicating resistance at higher levels. GBPINR continue to move in past couple of trading session's High-Low range representing lackluster movement. GBPINR is trading below 20 day SMA's which is important short term moving average, indicating negative bias in the short to medium termThe chart pattern suggests that if GBPINR crosses and sustains above 97.55 level it would witness buying which would lead GBPINR towards 97.80-97.95 levels. However if GBPINR breaks below 96.75 level it would witness selling which would take GBPINR towards 96.55-95.30. 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 – DAILY CHART

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