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USDINR

USDINR opened with an upward gap and remained in positive terrain throughout the day. USDINR closed at 82.905 with a gain of 0.1 %. On the daily chart USDINR has formed a bullish candle however it remained restricted within previous two session's High-Low range indicating absence of strength on either side Since past couple of weeks USDINR is consolidating within 83.00-80.40 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

EURINR opened with an upward gap but witnessed selling from the opening tick to end near the day's low. EURINR closed at 88.23 with a loss of 0.08 %. On the daily chart EURINR has formed a bearish candle however it remained restricted within High-Low range of the past few trading sessions, indicating absence of strength on either side The EURINR pair seems to be moving between 89.20- 88.10 since the past couple of sessions. EURINR is trading below 20- and 50-day SMA's which indicating negative bias in the short term. The chart pattern suggests that if EURINR breaks and sustains below 88.10 level it would witness selling which would lead EURINR towards 87.89 - 87.79 levels. However, if EURINR crosses above 89.00 level it would witness buying which would take EURINR towards 89.21 - 89.31. 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

JPYINR opened with a downward gap however buying momentum throughout the session led it to close on positive note. JPYINR closed at 61.55 with a loss of 0.05 %. On the daily chart JPYINR has formed a Bullish candle with a long lower shadow indicating buying at lower levels 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 crosses and sustains above 62.00 level it would witness buying which would lead JPYINR towards 62.21 - 62.31 levels. However, if JPYINR breaks below 61.40 level it would witness selling which would take JPYINR towards 61.19 - 61.09. 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 on a flat note and witnessed extreme volatility on either side for most part of the session. However later hour buying momentum pulled GBPINR higher to end on flat note. GBPINR closed at 100.19 with a loss of 0.02 %. On the daily chart GBPINR has formed a Bullish candle carrying either side shadows indicating extreme volatility GBPINR continues to move in a Higher Top and Higher Bottom formation on the daily chart indicating positive bias. Currently GBPINR is sustaining above its 20-day SMA which support bullish sentiments in near term. For the day if GBPINR trade and sustains above 100.50 levels then it may move further upward towards 100.71 - 100.81 levels. On the downside an immediate intraday support is around 100.00 levels.. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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