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USDINR

USDINR opened with a downward gap and remained negative throughout the day. USDINR closed at 79.7875 with a loss of 0.04 %. On the daily chart USDINR has formed a bearish candle and remained restricted within previous session's High- Low range indicating absence of direction on either side. USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. 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 crosses and sustains above 79.90 level it would witness buying which would lead USDINR towards 80.10-80.30 levels. However if USDINR breaks below 79.60 level it would witness selling which would take USDINR towards 79.40-79.20. The daily strength indicator RSI is moving downwards and is quoting below its reference line indicating negative bias. However momentum osci l lator Stochastic has turned positive from the oversold zone indicating a possible consolidation or a up-move in the near term

EURINR

EURINR opened with an upward gap and remained lackluster within narrow trading range throughout the day. EURINR closed at 79.88 with a gain of 0.08 %. On the daily chart EURINR has formed a bearish candle however it remained restricted within prev ious ses s ion' s High-Low range indicating absence of strength on either side EURINR continue to move in past couple of tr a dingsession's High - Lowrange representing lackluster movement. EURINR is trading below 20 and 50 day SMA's which indicating negative bias in the short termThe chart pattern suggests that if EURINR crosses and sustains above 80.10 level it would witness buying which would lead EURINR towards 80.30-80.50 levels. However if EURINR breaks below 79.80 level it would witness selling which would take EURINR towards 79.60-79.50. The daily strength indicator RSI is moving upwards and above its reference line indicating positive bias . However momentum oscillator Stochastic has turned negati ve from the overbought zone indicating a possible consolidation or a down move in the near term

JPYINR

JPYINR opened with an upward gap but witnessed selling from the opening tick to end negative. JPYINR closed at 55.69 with a loss of 0.09 %. On the daily chart JPYINR has formed a bearish candle however it remained restricted within prev ious session's High-Low range indicating absence of strength on either side 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 55.90 level it would witness buying which would lead JPYINR towards 56.10-56.30 levels. However if JPYINR breaks below 55.60 level it would witness selling which would take JPYINR towards 55.40-55.20. 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 with an upward gap and remained in positive terrain throughout the day. GBPINR closed at 91.39 with a gain of 0.5 %. On the daily chart GBPINR has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive 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 and 50 day SM A' s whi ch indicating negative bias in the short term The chart pattern suggests that if GBPINR breaks and sustains below 91.05 level it would witness selling which would lead GBPINR towards 90.80-90.60 levels. Important Resistances for the day are placed at 91.80-92. The daily strength indicator RSI is moving downwards and is quoting below its reference line indicating negati ve bias . However momentum oscillator Stochastic has turned positive from the oversold zone indicating a possible consolidation or a up-move in the near term

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