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USDINR

USDINR opened with downward gap and remained extreme volatile throughout the session.. USDINR closed at 82.01 with a loss of 0.26 %. On the daily chart USDINR has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction USDINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. 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 82.20 level it would witness buying which would lead USDINR towards 82.40-82.60 levels. However if USDINR breaks below 81.75 level it would witness selling which would take USDINR towards 81.55-81.35. 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 an upward gap and remained in positive terrain throughout the day. EURINR closed at 79.96 with a gain of 1.43 %. On the daily chart EURINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. 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 79.85 level it would witness buying which would lead EURINR towards 80-80.15 levels. However if EURINR breaks below 79.30 level it would witness selling which would take EURINR towards 79.15-79. 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 56.85 with a loss of 0.3 %. 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 57.10 level it would witness buying which would lead JPYINR towards 57.20-57.40 levels. However if JPYINR breaks below 56.85 level it would witness selling which would take JPYINR towards 56.70-56.55. 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

GBPINR

GBPINR opened with an upward gap and remained in positive terrain throughout the day. GBPINR closed at 89.1 with a gain of 2.21 %. On the daily chart GBPINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. GBPINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 crosses and sustains above 89.45 level it would witness buying which would lead GBPINR towards 89.65-89.85 levels. However if GBPINR breaks below 88.25 level it would witness selling which would take GBPINR towards 88.05-87.80. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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