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USDINR

USDINR opened with a downward gap and remained in a small range throughout the day. USDINR closed at 80.13 with a gain of 0.01 %. On the daily chart USDINR has formed a big bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 80.30 level it would witness buying which would lead USDINR towards 80.45-80.60 levels. However if USDINR breaks below 80 level it would witness selling which would take USDINR towards 79.85-79.70. 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 downmove in the near term

EURINR

EURINR opened with an upward gap and remained lackluster throughout the session.. EURINR closed at 80.26 with a gain of 0.53 %. On the daily chart EURINR has formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels EURINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. 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 80.05 level it would witness selling which would lead EURINR towards 79.85-79.70 levels. Important Resistances for the day are placed at 80.80-81. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

JPYINR

JPYINR opened with a downward gap however buying momentum throughout the session led it to close on positive note.. JPYINR closed at 58.96 with a gain of 0.25 %. On the daily chart JPYINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. JPYINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 59 level it would witness buying which would lead JPYINR towards 59.20-59.40 levels. However if JPYINR breaks below 58.70 level it would witness selling which would take JPYINR towards 58.50-58.30. 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 up-move in the near term

GBPINR

GBPINR opened with an upward gap and remained in positive terrain throughout the day. GBPINR closed at 95.02 with a gain of 0.47 %. On the daily chart GBPINR has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. GBPINR continue to move in past couple of trading session's High-Low range representing lackluster movement. GBPINR is trading below 20 and 50 day SMA's which indicating negative bias in the short termThe chart pattern suggests that if GBPINR crosses and sustains above 95.10 level it would witness buying which would lead GBPINR towards 95.35-95.55 levels. However if GBPINR breaks below 94.65 level it would witness selling which would take GBPINR towards 94.45-94.25. 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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