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USDINR

USDINR opened with a downward gap however buying momentum throughout the session led it to close on strong note.. USDINR closed at 79.71 with a gain of 0.11 %.

On the daily chart USDINR has formed a Bullish candle carrying either side shadows indicating extreme volatility USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 79.80 level it would witness buying which would lead USDINR towards 79.95-80.10 levels. However if USDINR breaks below 79.25 level it would witness selling which would take USDINR towards 79.10-79. 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 82.40 with a gain of 0.96 %

On the daily chart EURINR has formed a sizable bullish candle forming higher HighLow compare to previous session and closed above previous session's high indicating positive bias. EURINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. EURINR is sustaining above its 20 day SMA which signals bullish sentiments in near term

For the day if EURINR trade and sustains above 82.45 levels then it may move further upward towards 82.60-82.80 levels. On the downside an immediate intraday support is around 81.60 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 60.1 with a gain of 1.75 %.

On the daily chart JPYINR has formed a sizable bullish candle forming higher Highlow 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. 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 60.20 levels then it may move further upward towards 60.35-60.50 levels. On the downside an immediate intraday support is around 59.50 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 97.2425 with a gain of 0.89 %

On the daily chart GBPINR has formed a sizable bullish candle forming higher HighLow compare to previous session and closed above previous session's high indicating positive bias. GBPINR continues to move in a Higher Top and Higher Bottom formation on the daily chart indicating positive bias. 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 97.40 levels then it may move further upward towards 97.65-97.85 levels. On the downside an immediate intraday support is around 96.45 levels.

The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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