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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 81.34 with a gain of 0.35 %. On the daily chart USDINR has formed a big bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels USDINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. 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 crosses and sustains above 81.65 level it would witness buying which would lead USDINR towards 81.85-82 levels. However if USDINR breaks below 81.25 level it would witness selling which would take USDINR towards 81-80.80. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

EURINR

EURINR opened with a downward gap however buying momentum throughout the session led it to close on strong note.. EURINR closed at 84.85 with a gain of 0.38 %. On the daily chart EURINR has formed a sizable bullish candle forming higher Highlow compare to previous session indicating positive bias EURINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. 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 84.90 levels then it may move further upward towards 85.15-85.40 levels. On the downside an immediate intraday support is around 84.25 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR

JPYINR opened with a downward gap however buying momentum throughout the session led it to close on positive note.. JPYINR closed at 58.38 with a gain of 0.14 %. 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 daily chart indicating sustained up trend. Currently JPYINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term. For the day if JPYINR trade and sustains above 58.50 levels then it may move further upward towards 58.70-58.90 levels. On the downside an immediate intraday support is around 58 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

GBPINR

GBPINR opened with an upward gap and remained in positive terrain throughout the day. GBPINR closed at 96.85 with a gain of 0.71 %. On the daily chart GBPINR has formed a sizable bullish candle forming higher Highlow 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. For the day if GBPINR trade and sustains above 97.10 levels then it may move further upward towards 97.35-97.65 levels. On the downside an immediate intraday support is around 96.35 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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