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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 82.8825 with a gain of 0.44 %. On the daily chart USDINR has formed a sizable bullish candle forming higher HighLow compare to previous session and closed above previous session's high indicating positive bias. USDINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. 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 82.60 level it would witness selling which would take USDINR towards 82.49 - 82.39. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR ???????

EURINR opened with an upward gap and witnessed selling for most part of the session. And ended the sessions deep in the red. EURINR closed at 87.95 with a loss of 0.64 %. On the daily chart EURINR has formed a sizable bearish candle and closed below previous session's low indicating weakness EURINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. Currently EURINR has moved below the 50 Day SMA, but has managed to hold on to the 50 Day SMA on closing basis. The chart pattern suggests that if EURINR breaks and sustains below 87.80 level it would witness selling which would lead EURINR towards 87.59 - 87.49 levels. Important Resistances for the day are placed at 88.51 - 88.61. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory

JPYINR

JPYINR pair opened on a negative note, but strong buying momentum pulled the pair above the previous session high. JPYINR closed at 62.125 with a gain of 0.62 %. On the daily chart JPYINR has formed a sizable bullish candle forming higher HighLow compare to previous session and closed above previous session's high indicating positive bias. JPYINR is moving in a Higher Top and Higher Bottom formation since the past two sessions, indicating temporary up move in the pair. JPYINR is sustaining above its 20 day SMA, and his heading towards the 50 day SMA which signals bullish sentiments in near term. For the day if JPYINR trade and sustains above 62.30 levels then it may move further upward towards 62.51 - 62.61 levels. On the downside an immediate intraday support is around 62.00 levels.. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

GBPINR

GBPINR opened on a flattish note and traded in a tight range for the 1st half of the session. Selling pressure is the later half, pushed the pair towards the 100.00 mark. GBPINR closed at 100.0075 with a loss of 0.33 %. On the daily chart GBPINR has formed a sizable Bearish candle, and engulfed the previous session candle GBPINR pair was very volatile and broadly moved within the previous session range. Currently GBPINR seems to be finding support near the 50 Day SMA. The chart pattern suggests that if GBPINR breaks and sustains below 100.00 level it would witness selling which would lead GBPINR towards 99.79 - 99.69 levels. However, if GBPINR crosses above 100.50 level it would witness buying which would take GBPINR towards 100.71 - 100.81. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory

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