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USDINR

USDINR opened with a downward gap and remained negative throughout the day. USDINR closed at 82.78 with a loss of 0.05 %

On the daily chart USDINR has formed a bearish candle forming lower High-low compare to previous session indicating negative bias USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently USDINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term. The chart pattern suggests that if USDINR crosses and sustains above 82.95 level it would witness buying which would lead USDINR towards 83.15-83.35 levels. However if USDINR breaks below 82.60 level it would witness selling which would take USDINR towards 82.40-82.20. 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 downward gap and remained extreme volatile throughout the session.. EURINR closed at 87.95 with a gain of 0.03 %.

On the daily chart EURINR has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction EURINR continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently EURINR is sustaining above its 20 day SMA which support bullish sentiments in near term.

The chart pattern suggests that if EURINR crosses and sustains above 88.20 level it would witness buying which would lead EURINR towards 88.45-88.70 levels. However if EURINR breaks below 87.90 level it would witness selling which would take EURINR towards 87.65-87.50.

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 but witnessed selling from the opening tick to end negative. JPYINR closed at 62.66 with a loss of 0.25 %.

On the daily chart JPYINR has formed a bearish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side 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 63 levels then it may move further upward towards 63.20-63.50 levels. On the downside an immediate intraday support is around 62.55 levels..

The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

GBPINR

GBPINR opened with a downward gap and remained negative throughout the day. GBPINR closed at 99.91 with a loss of 0.4 %

On the daily chart GBPINR has formed a small bearish candle forming lower High-low compare to previous session indicating negative bias GBPINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. 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 99.90 level it would witness selling which would lead GBPINR towards 99.65-99.40 levels. Important Resistances for the day are placed at 100.75-101. 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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