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USDINR

USDINR opened with an upward gap and remained in positive terrain throughout the day. USDINR closed at 81.80 with a gain of 0.12 %. On the daily chart USDINR has formed a small Bullish candle forming lower High-Low compare to previous session indicating negative bias USDINR continues to move in a Lower Top and Lower Bottom formation on the daily chart indicating negative bias. 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 82.15-82.30 levels. However if USDINR breaks below 81.65 level it would witness selling which would take USDINR towards 81.50-81.30. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

EURINR

EURINR opened with a downward gap and remained in a small range throughout the day. EURINR closed at 84.94 with a loss of 0.85 %. On the daily chart EURINR has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction 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 85.15 levels then it may move further upward towards 85.30-85.45 levels. On the downside an immediate intraday support is around 84.80 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR

JPYINR opened with a downward gap however buying momentum throughout the session led it to close on positive note.. JPYINR closed at 59.31 with a loss of 0.09 %. On the daily chart JPYINR has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction JPYINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. Currently JPYINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term. For the day if JPYINR trade and sustains above 59.60 levels then it may move further upward towards 59.80-60 levels. On the downside an immediate intraday support is around 59 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

GBPINR

GBPINR opened with a downward gap and remained negative throughout the day. GBPINR closed at 98.11 with a loss of 0.69 %. On the daily chart GBPINR has formed a small bearish candle forming lower High-low compare to previous session indicating negative bias GBPINR continues to move in a Lower Top and Lower Bottom formation on the daily chart indicating negative bias. Currently GBPINR is sustaining above its 20 day SMA which support bullish sentiments in near term. For the day if GBPINR trade and sustains above 98.65 levels then it may move further upward towards 98.85-99.10 levels. On the downside an immediate intraday support is around 98 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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