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USDINR

USDINR opened with an upward gap and remained lackluster within narrow trading range throughout the day. USDINR closed at 80.07 with a gain of 0.15 %. On the daily chart USDINR has formed a bullish candle however it remained restricted within previous two session's High-Low range indicating absence of strength on either side USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 80.10 level it would witness buying which would lead USDINR towards 80.25-80.40 levels. However if USDINR breaks below 79.90 level it would witness selling which would take USDINR towards 79.70-79.55. 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

EURINR

opened with a downward gap and remained negative throughout the day. EURINR closed at 79.43 with a loss of 0.18 %. On the daily chart EURINR has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction EURINR is moving in a Lower Top and Lower Bottom formation on the hourly chart indicating short term downtrend. 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 79.60 level it would witness buying which would lead EURINR towards 79.80-80 levels. However if EURINR breaks below 79.15 level it would witness selling which would take EURINR towards 79-78.85. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

JPYINR

opened with a downward gap and remained negative throughout the day. JPYINR closed at 55.46 with a loss of 1.88 %. On the daily chart JPYINR has formed a Bearish candle forming lower High-low compare to previous session and has closed below previous session's low 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 55.45 level it would witness selling which would lead JPYINR towards 55.25-55.10 levels. Important Resistances for the day are placed at 56.20-56.40. 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 downward gap and remained extreme volatile throughout the session.. GBPINR closed at 91.7 with a loss of 1.05 %. On the daily chart GBPINR has formed a small bearish candle carrying long upper shadow indicating resistance at higher levels. 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 91.55 level it would witness selling which would lead GBPINR towards 91.25-91 levels. Important Resistances for the day are placed at 92.85- 93. 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

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