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USDINR

opened with an upward gap and remained in positive terrain throughout the day. USDINR closed at 82.83 with a gain of 0.09 %. USDINR opened with an upward gap and buying momentum throughout the session led it to close near day’s high. Since past five weeks USDINR is consolidating within 83.00-82.40 levels indicating short term consolidation . 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 83 level it would witness buying which would lead USDINR towards 83-83.20 levels. However if USDINR breaks below 82 level it would witness selling which would take USDINR towards 82-81.80. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

opened with an upward gap and remained in positive terrain throughout the day. EURINR closed at 89.15 with a gain of 0.8 %. On the daily chart EURINR has formed a sizable bullish candle forming higher HighLow compared to previous session and closed above previous session's high indicating positive bias. EURINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up trend. EURINR is sustaining above its 20-day SMA which signals bullish sentiments in near term. The chart pattern suggests that if EURINR breaks and sustains below 88.70 level it would witness selling which would lead EURINR towards 88.49 - 88.39 levels. However, if EURINR crosses above 89.50 level it would witness buying which would take EURINR towards 89.71 - 89.81. 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.

JPYINR

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 JPYINR to close on near the day's low. JPYINR closed at 62.81 with a gain of 0.34 %. On the daily chart JPYINR has formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels JPYINR continue to move in past couple of trading session's High-Low range representing lackluster movement. JPYINR is trading below 20-day SMA which indicates negative bias The chart pattern suggests that if JPYINR crosses and sustains above 63.00 level it would witness buying which would lead JPYINR towards 63.21 - 63.31 levels. However, if JPYINR breaks below 62.50 level it would witness selling which would take JPYINR towards 62.29 - 62.19. 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

GBPINR

opened with an upward gap and remained in positive terrain throughout the day. GBPINR closed at 101.03 with a gain of 1.31 %. On the daily chart GBPINR has formed a sizable Bullish candle forming higher HighLow compared to previous session indicating positive bias GBPINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. GBPINR is sustaining above its 20- and 50-day SMA which signals bullish sentiments in near term The chart pattern suggests that if GBPINR crosses and sustains above 101.50 level it would witness buying which would lead GBPINR towards 101.71 - 101.81 levels. However, if GBPINR breaks below 100.50 level it would witness selling which would take GBPINR towards 100.29 - 100.19. 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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