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USDINR

USDINR opened with a downward gap and remained negative throughout the day. USDINR closed at 77.44 with a loss of 0.28 %. On the daily chart USDINR has formed a bearish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side 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 77.70 level it would witness buying which would lead USDINR towards 77.85-78 levels. However if USDINR breaks below 77.20 level it would witness selling which would take USDINR towards 77.05-76.90. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EURINR opened with an upward gap and remained lackluster within narrow trading range throughout the day. EURINR closed at 81.84 with a loss of 0.07 %. On the daily chart EURINR has formed a bearish candle however it has continue to form higher High-Low formation indicating positive bias EURINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up trend. EURINR is trading below 20 day SMA which is important short term moving average, indicating negative bias in the short to medium term For the day if EURINR trade and sustains above 82.10 levels then it may move further upward towards 82.25-82.40 levels. On the downside an immediate intraday support is around 81.70 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR

JPYINR opened with an upward gap and remained in positive terrain throughout the day. JPYINR closed at 59.68 with a gain of 0.64 %. On the daily chart JPYINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. JPYINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up 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 For the day if JPYINR trade and sustains above 59.75 levels then it may move further upward towards 59.90-60 levels. On the downside an immediate intraday support is around 59.35 levels.. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive te

GBPINR

GBPINR opened with a downward gap and remained negative throughout the day. GBPINR closed at 95.68 with a loss of 0.18 %. On the daily chart GBPINR has formed a bearish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side GBPINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 crosses and sustains above 95.95 level it would witness buying which would lead GBPINR towards 96.10-96.25 levels. However if GBPINR breaks below 95 level it would witness selling which would take GBPINR towards 94.90-94.75. 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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