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USDINR

USDINR opened with an upward gap but witnessed selling from the opening tick to end negative. USDINR closed at 78.12 with a gain of 0.21 %. On the daily chart USDINR has formed a small bearish candle carrying upper shadow indicating resistance at higher levels. USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 78.40 level it would witness buying which would lead USDINR towards 78.55-78.65 levels. However if USDINR breaks below 78.10 level it would witness selling which would take USDINR towards 78-77.90. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EURINR opened with a downward gap and remained negative throughout the day. EURINR closed at 81.84 with a loss of 0.98 %. On the daily chart EURINR has formed a long Bearish candle indicating sustained selling pressure 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 81.80 level it would witness selling which would lead EURINR towards 81.65-81.50 levels. Important Resistances for the day are placed at 82.65-82.80. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

JPYINR 

JPYINR opened with a downward gap however buying momentum throughout the session led it to close on positive note.. JPYINR closed at 58.21 with a loss of 0.24 %. On the daily chart JPYINR has formed a small Bullish candle forming lower High-Low compare to previous session indicating negative bias JPYINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 breaks and sustains below 58 level it would witness selling which would lead JPYINR towards 57.85-57.70 levels. Important Resistances for the day are placed at 58.50- 58.65. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

GBPINR

GBPINR opened with a downward gap and remained negative throughout the day. GBPINR closed at 95.14 with a loss of 1.93 %. On the daily chart GBPINR has formed a long Bearish candle indicating sustained selling pressure GBPINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down 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 breaks and sustains below 95.15 level it would witness selling which would lead GBPINR towards 95-94.85 levels. Important Resistances for the day are placed at 96.55- 96.65. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

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