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USDINR

USDINR opened on a flat note and remained lackluster throughout the session to close on flat note. USDINR closed at 79.79 with a gain of 0.07 %. On the daily chart USDINR has formed a long Bearish candle forming lower HighLow 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 breaks and sustains below 79.45 level it would witness selling which would lead USDINR towards 79.25-79.10 levels. Important Resistances for the day are placed at 79.90. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

EURINRE

URINR opened with downward gap and remained extreme volatile throughout the session.. EURINR closed at 80.08 with a loss of 0.13 %. On the daily chart EURINR has formed a Bullish candle carrying either side shadows indicating extreme volatility 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 80.30 level it would witness buying which would lead EURINR towards 80.45-81.65 levels. However if EURINR breaks below 79.75 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 57.46 with a loss of 0.75 %. On the daily chart JPYINR has formed a small bearish candle forming lower High-low 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 57.15 level it would witness selling which would lead JPYINR towards 57-56.85 levels. Important Resistances for the day are placed at 57.65- 57.85. 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 in a small range throughout the day. GBPINR closed at 92.44 with a loss of 1.22 %. 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 92.20 level it would witness selling which would lead GBPINR towards 92-91.80 levels. Important Resistances for the day are placed at 92.95- 93.20. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bia

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