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USDINR

USDINR opened with an upward gap and remained in positive terrain throughout the day. USDINR closed at 81.71 with a gain of 0.46 %. On the daily chart USDINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. USDINR continues to move in a Higher Top and Higher Bottom formation on the hourly chart indicating positive 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 crosses and sustains above 81.80 level it would witness buying which would lead USDINR towards 82-82.20 levels. However if USDINR breaks below 81.40 level it would witness selling which would take USDINR towards 81.20-81. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EURINR opened with downward gap and remained extreme volatile throughout the session.. EURINR closed at 84.48 with a loss of 0.39 %. On the daily chart EURINR has formed a small bullish candle with shadows on either side representing extreme volatility as well as indecisiveness amongst participants regarding the direction 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 an upward gap and remained lackluster within narrow trading range throughout the day. JPYINR closed at 58.4 with a loss of 0 %. On the daily chart JPYINR has formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels 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 58.75 levels then it may move further upward towards 58.95-59.20 levels. On the downside an immediate intraday support is around 58.30 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 lackluster throughout the session.. GBPINR closed at 96.77 with a loss of 0.07 %. On the daily chart GBPINR has formed a sizable bearish candle however it has continue to form higher High-Low formation 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 97.50 levels then it may move further upward towards 97.75-97.95 levels. On the downside an immediate intraday support is around 96.80 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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