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USDINR

USDINR opened with a downward gap and remained negative throughout the day. USDINR closed at 81.82 with a loss of 0.76 %.

On the daily chart USDINR has formed a bearish candle forming 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 breaks and sustains below 81.70 level it would witness selling which would lead USDINR towards 81.50-81.30 levels. Important Resistances for the day are placed at 82.45.

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 but witnessed selling from the opening tick to end negative. EURINR closed at 87.97 with a loss of 0.18 %.

On the daily chart EURINR has formed a long Bearish candle indicating sustained selling pressure EURINR continue to move in past couple of trading session's High-Low range representing lackluster movement. EURINR is trading below 20 day SMA which is important short term moving average, indicating negative bias in the short to medium term

The chart pattern suggests that if EURINR breaks and sustains below 87.90 level it would witness selling which would lead EURINR towards 87.65-87.40 levels. Important Resistances for the day are placed at 88.75-89.

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 an upward gap but witnessed selling from the opening tick to end negative. JPYINR closed at 62.18 with a loss of 0.41 %.

On the daily chart JPYINR has formed a long Bearish candle indicating sustained selling pressure JPYINR continues to move in a Lower Top and Lower Bottom formation on the daily chart indicating negative bias. 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 62.15 level it would witness selling which would lead JPYINR towards 61.90-61.60 levels. Important Resistances for the day are placed at 62.95-63.20.

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 but witnessed selling from the opening tick to end negative. GBPINR closed at 99.65 with a loss of 0.39 %.

On the daily chart GBPINR has formed a long Bearish candle indicating sustained selling pressure GBPINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. GBPINR is trading below 20 day SMA's which is important short term moving average, indicating negative bias in the short to medium term

The chart pattern suggests that if GBPINR breaks and sustains below 99.50 level it would witness selling which would lead GBPINR towards 99.20-99 levels. Important Resistances for the day are placed at 100.60-100.90.

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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