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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 81.62 with a loss of 0.06 %. On the daily chart USDINR has formed a bearish candle however it remained restricted within previous session's High-Low range indicating absence of strength on either side USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 termThe chart pattern suggests that if USDINR crosses and sustains above 81.90 level it would witness buying which would lead USDINR towards 82.10-82.30 levels. However if USDINR breaks below 81.60 level it would witness selling which would take USDINR towards 81.40-81.20. 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 downmove 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 89.05 with a gain of 0.01 %. On the daily chart EURINR has formed a bullish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side EURINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 89.15 levels then it may move further upward towards 89.40-89.60 levels. On the downside an immediate intraday support is around 88.85 levels.. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR

JPYINR opened with downward gap and remained extreme volatile throughout the session.. JPYINR closed at 63.0225 with a loss of 0.25 %. On the daily chart JPYINR has formed a Bearish candle with a long upper shadow indicating selling at higher levels 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 63.55 level it would witness buying which would lead JPYINR towards 63.80-64 levels. However if JPYINR breaks below 63 level it would witness selling which would take JPYINR towards 62.75-62.50. 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

GBPINR

GBPINR opened with an upward gap and remained lackluster within narrow trading range throughout the day. GBPINR closed at 101.19 with a gain of 0.1 %. On the daily chart GBPINR has formed a small bullish candle forming higher High-low compare to previous session indicating positive bias GBPINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. Currently GBPINR is sustaining above its 20 day SMA which support bullish sentiments in near term. The chart pattern suggests that if GBPINR crosses and sustains above 101.50 level it would witness buying which would lead GBPINR towards 101.85-102 levels. However if GBPINR breaks below 101 level it would witness selling which would take GBPINR towards 100.75-100.50. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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