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USDINR

USDINR opened with an upward gap and remained in positive terrain throughout the day. USDINR closed at 82.5125 with a gain of 0.35 %. On the daily chart USDINR has formed a big bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels USDINR continues to move in a Higher Top and Higher Bottom formation on the hourly chart indicating positive bias. USDINR is trading below 20-day SMA's which are important short-term moving average, indicating negative bias in the short term. The chart pattern suggests that if USDINR crosses and sustains above 82.60 level it would witness buying which would lead USDINR towards 82.71 - 82.81 levels. However, if USDINR breaks below 82.30 level it would witness selling which would take USDINR towards 82.19 - 82.09. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EURINR opened with an upward gap and remained in positive terrain throughout the day. EURINR closed at 88.5225 with a gain of 0.83 %. On the daily chart EURINR has formed a sizable bullish candle forming higher HighLow compared to previous session and closed above previous session's high indicating positive bias. EURINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. EURINR is sustaining above its 20- and 50-day SMA which signals bullish sentiments in near termFor the day if EURINR trade and sustains above 88.70 levels then it may move further upward towards 88.91 - 89.01 levels. On the downside an immediate intraday support is around 88.30 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR

JPYINR opened on flat note and traded with positive bias in initial half however profit booking around 61.97 erased most of the earlier gain to close in red. JPYINR closed at 61.68 with a loss of 0.04 %. On the daily chart JPYINR has formed a Doji candle forming higher High-low compare to previous session indicating positive bias JPYINR is moving in a Higher Top and Higher Bottom formation since the past two sessions, indictaing temporary up move in the pair. JPYINR is sustaining above its 20-day SMA which signals bullish sentiments in near term, For the day if JPYINR trade and sustains above 62.00 levels then it may move further upward towards 62.21 - 62.31 levels. On the downside an immediate intraday support is around 61.50 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

GBPINR

GBPINR opened with an upward gap and remained in positive terrain throughout the day. GBPINR closed at 100.35 with a gain of 1.15 %. On the daily chart GBPINR has formed a sizable bullish candle forming higher HighLow compared 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. GBPINR is sustaining above its 20- and 50-day SMA which signals bullish sentiments in near term. For the day if GBPINR trade and sustains above 100.50 levels then it may move further upward towards 100.71 - 100.81 levels. On the downside an immediate intraday support is around 100.00 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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