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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 79.53 with a loss of 0.36 %. On the daily chart USDINR has formed a small bullish candle carrying long lower shadow indicating buying support at lower levels USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. USDINR is trading below its important moving average of 20 day SMA indicating negative bias in the short to medium term The chart pattern suggests that if USDINR crosses and sustains above 79.60 level it would witness buying which would lead USDINR towards 79.80-79.95 levels. However if USDINR breaks below 79.30 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 a downward gap and remained in a small range throughout the day. EURINR closed at 80.90 with a loss of 1.5 %. On the daily chart EURINR has formed a long Bearish candle forming lower HighLow compare to previous session indicating negative bias. 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 breaks and sustains below 80.70 level it would witness selling which would lead EURINR towards 80.50-80.30 levels. Important Resistances for the day are placed at 81.95-82.10. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

JPYINR

JPYINR opened with a downward gap and remained negative throughout the day. JPYINR closed at 58.93 with a loss of 1.37 %. On the daily chart JPYINR has formed a long Bearish candle forming lower HighLow compare to previous session indicating negative bias. JPYINR is moving in a Lower Top and Lower Bottom formation on the hourly chart indicating short term downtrend. 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 58.90 level it would witness selling which would lead JPYINR towards 58.70-58.50 levels. Important Resistances for the day are placed at 59.80-60. 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 negative throughout the day. GBPINR closed at 96.1 with a loss of 0.76 %. On the daily chart GBPINR has formed a sizable Bearish candle forming lower Highlow compare to previous session and has closed below previous session's low indicating negative bias GBPINR is moving in a Lower Top and Lower Bottom formation on the hourly chart indicating short term downtrend. Currently GBPINR is sustaining above its 20 day SMA which support bullish sentiments in near term. The chart pattern suggests that if GBPINR breaks and sustains below 96 level it would witness selling which would lead GBPINR towards 95.80-95.50 levels. Important Resistances for the day are placed at 97.25- 97.40. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

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