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USDINR

opened with an upward gap and remained in positive terrain throughout the day. USDINR closed at 82.88 with a gain of 0.06 %. On the daily chart USDINR has formed a small Bearish candle forming higher Highlow compared to previous session indicating positive bias 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 83.00 level it would witness buying which would lead USDINR towards 83.11 - 83.21 levels. However if USDINR breaks below 82.40 level it would witness selling which would take USDINR towards 82.29 - 82.19. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

opened with a downward gap and remained in a small range throughout the day. EURINR closed at 88.925 with a loss of 0.26 %. On the daily chart EURINR has formed a bearish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side EURINR pair is going through some recovery after the massive hammering it had seen in the past few sessions. 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 a downward gap and remained negative throughout the day. JPYINR closed at 62.34 with a loss of 0.71 %. On the daily chart JPYINR has formed a Bearish candle forming lower High-low compared 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 62.30 level it would witness selling which would lead JPYINR towards 62.09 - 61.99 levels. Important Resistances for the day are placed at 63.01 - 63.11. 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 a downward gap and remained negative throughout the day. GBPINR closed at 100.1575 with a loss of 0.85 %. On the daily chart GBPINR has formed a sizable Bearish candle forming lower Highlow compared to previous session and has closed below previous session's low indicating negative bias 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 100 level it would witness selling which would lead GBPINR towards 99.79 - 99.69 levels. Important Resistances for the day are placed at 101.01 - 101.11. 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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