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USDINR

USDINR opened with a downward gap and remained in a small range throughout the day. USDINR closed at 81.59 with a loss of 0.56 %. On the daily chart USDINR has formed a small Bullish 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 81.30 level it would witness selling which would lead USDINR towards 81.10-80.90 levels. Important Resistances for the day are placed at 81.75. 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 82.11 with a gain of 0.12 %. 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 continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently EURINR is sustaining above its 20 day and 50 day SMA which support bullish sentiments in near term. The chart pattern suggests that if EURINR crosses and sustains above 82.35 level it would witness buying which would lead EURINR towards 82.55-82.75 levels. However if EURINR breaks below 81.90 level it would witness selling which would take EURINR towards 81.70-81.50. 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 an upward gap and remained lackluster within narrow trading range throughout the day. JPYINR closed at 56.12 with a loss of 0.03 %. On the daily chart JPYINR has formed a small Bullish candle forming lower High-Low compare to previous session indicating negative bias JPYINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up 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 55.90 level it would witness selling which would lead JPYINR towards 55.70-55.50 levels. Important Resistances for the day are placed at 56.55-56.75. The daily strength indicator RSI is moving upwards and above its reference line indicating positive bias. However momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation or a down move in the near term

GBPINR

GBPINR opened with an upward gap but witnessed selling from the opening tick to end negative. GBPINR closed at 93.63 with a loss of 0.48 %. On the daily chart GBPINR has formed a bearish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side GBPINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 crosses and sustains above 94.35 level it would witness buying which would lead GBPINR towards 94.55-94.75 levels. However if GBPINR breaks below 93 level it would witness selling which would take GBPINR towards 92.80-92.60. 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

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