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USDINR

USDINR opened on a flat note and remained lackluster throughout the session to close on flat note. USDINR closed at 79.96 with a loss of 0 %. On the daily chart USDINR has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction 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 79.70 level it would witness selling which would take USDINR towards 79.50-79.30. 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 up-move in the near term

EURINR

EURINR opened with an upward gap and traded positive in initial half. However profit booking in second half erased most of the earlier gains which led EURINR to close on near the day's low. EURINR closed at 79.59 with a gain of 0.09 %. On the daily chart EURINR has formed a small bearish candle carrying long upper shadow indicating resistance at higher levels. 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 80.05 level it would witness buying which would lead EURINR towards 80.25-80.40 levels. However if EURINR breaks below 79.50 level it would witness selling which would take EURINR towards 79.30-79.15. 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 56.47 with a loss of 1.05 %. 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 56.40 level it would witness selling which would lead JPYINR towards 56.20-56 levels. Important Resistances for the day are placed at 57.30- 57.45. 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 an upward gap and traded positive in initial half. However profit booking in second half erased most of the earlier gains which led GBPINR to close on near the day's low. GBPINR closed at 92.7 with a gain of 0.67 %. On the daily chart GBPINR has formed a small Bullish candle with upper shadow indicating selling pressure as well as 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 92.50 level it would witness selling which would lead GBPINR towards 92.25-92 levels. Important Resistances for the day are placed at 93.25- 93.50. 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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