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USDINR

USDINR opened with an upward gap but witnessed selling from the opening tick to end near the day's low. USDINR closed at 80.14 with a gain of 0.07 %. On the daily chart USDINR has formed a bearish candle however it mange to form higher High-Low compare to previous session indicating positive 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 80.35 level it would witness buying which would lead USDINR towards 80.50-80.65 levels. However if USDINR breaks below 80.10 level it would witness selling which would take USDINR towards 79.95-79.80. 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

EURINR

EURINR opened with a downward gap however buying momentum throughout the session led it to close on strong note.. EURINR closed at 80.14 with a loss of 0.25 %. On the daily chart EURINR has formed a Bullish candle with a long lower shadow indicating buying at lower levels EURINR continue to move in past couple of trading session's High-Low range representing lackluster movement. EURINR is trading below 20 and 50 day SMA's which indicating negative bias in the short term The chart pattern suggests that if EURINR crosses and sustains above 80.25 level it would witness buying which would lead EURINR towards 80.45-81.65 levels. However if EURINR breaks below 79.70 level it would witness selling which would take EURINR towards 79.55-79.40. The daily strength indicator RSI is moving downwards and is quoting below its reference line indicating negative bias. However momentum oscillator Stochastic has turned positive from the oversold zone indicating a possible consolidation or a upmove in the near term.

JPYINR

JPYINR opened with a downward gap and remained negative throughout the day. JPYINR closed at 58.01 with a loss of 1.14 %. On the daily chart JPYINR has formed a long Bearish candle forming lower HighLow compare to previous session indicating negative bias. JPYINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down 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 breaks and sustains below 57.85 level it would witness selling which would lead JPYINR towards 57.70-57.50 levels. Important Resistances for the day are placed at 58.45-58.65. 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 93.77 with a loss of 1.13 %. 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 daily chart indicating sustained down trend. GBPINR is trading below 20 and 50 day SMA's which indicating negative bias in the short term The chart pattern suggests that if GBPINR breaks and sustains below 93.55 level it would witness selling which would lead GBPINR towards 93.35-93.10 levels. Important Resistances for the day are placed at 94.25-94.50. 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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