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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 81.465 with a gain of 0.32 %. On the daily chart USDINR has formed a sizable bullish candle however it has formed a lower High-Low compare to previous session indicating negative bias. USDINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. 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 81.50 level it would witness buying which would lead USDINR towards 81.70-81.90 levels. However if USDINR breaks below 80.90 level it would witness selling which would take USDINR towards 80.70-80.50. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

EURINR

EURINR opened with an upward gap and remained in positive terrain throughout the day. EURINR closed at 88.69 with a gain of 0.78 %. On the daily chart EURINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. EURINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term 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 88.95 levels then it may move further upward towards 89.25-89.55 levels. On the downside an immediate intraday support is around 88.15 levels.. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR

JPYINR opened with downward gap and remained extreme volatile throughout the session.. JPYINR closed at 62.65 with a loss of 0.12 %. On the daily chart JPYINR has formed a small Bullish candle forming lower High-Low compare to previous session indicating negative bias JPYINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 termThe chart pattern suggests that if JPYINR crosses and sustains above 62.90 level it would witness buying which would lead JPYINR towards 63.20-63.45 levels. However if JPYINR breaks below 62.50 level it would witness selling which would take JPYINR towards 62.25-62. 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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