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USDINR

USDINR opened with a downward gap and remained negative throughout the day. USDINR closed at 79.94 with a loss of 0.19 %. On the daily chart USDINR has formed a bearish candle forming lower High-low compare to previous session indicating negative bias 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 80.15 level it would witness buying which would lead USDINR towards 80.30-80.45 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 a downward gap and remained negative throughout the day. EURINR closed at 81.51 with a loss of 0.29 %. 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 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 81.35 level it would witness selling which would lead EURINR towards 81.15-81 levels. Important Resistances for the day are placed at 82.15- 82.35. 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 a downward gap and remained negative throughout the day. JPYINR closed at 57.71 with a loss of 0.54 %. On the daily chart JPYINR has formed a small bearish 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 crosses and sustains above 58.05 level it would witness buying which would lead JPYINR towards 58.30-58.45 levels. However if JPYINR breaks below 57.60 level it would witness selling which would take JPYINR towards 57.40-57.20. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

JPYINR – DAILY CHART

GBPINR

GBPINR opened with a downward gap and remained negative throughout the day. GBPINR closed at 95.53 with a loss of 0.46 %. On the daily chart GBPINR has formed a small bearish candle forming lower High-low compare to previous session indicating negative bias GBPINR is moving in a Lower Top and Lower Bottom formation on the hourly chart indicating short term downtrend. 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 95.35 level it would witness selling which would lead GBPINR towards 95.15-95 levels. Important Resistances for the day are placed at 96.30- 96.50. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

GBPINR – DAILY CHART

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