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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 79.845 with a gain of 0.31 %. On the daily chart USDINR has formed a sizable bullish candle forming higher High-low compare to previous session indicating positive bias 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 80.10-80.25 levels. However if USDINR breaks below 79.35 level it would witness selling which would take USDINR towards 79.20-79. 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

EURINR

EURINR opened with a downward gap however buying momentum throughout the session led it to close on strong note.. EURINR closed at 79.81 with a gain of 0.15 %. On the daily chart EURINR has formed a small Bullish candle forming lower High-Low compare to previous session indicating negative bias EURINR is moving in a Lower Top and Lower Bottom formation on the hourly chart indicating short term downtrend. EURINR is trading below 20 day SMA which is important short term moving average, indicating negative bias in the short to medium term The chart pattern suggests that if EURINR crosses and sustains above 79.85 level it would witness buying which would lead EURINR towards 80-80.20 levels. However if EURINR breaks below 79.40 level it would witness selling which would take EURINR towards 79.20-79. 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 55.81 with a gain of 0.24 %. On the daily chart JPYINR has formed a small Bullish candle forming lower High-Low compare to previous session indicating negative 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 termThe chart pattern suggests that if JPYINR crosses and sustains above 55.85 level it would witness buying which would lead JPYINR towards 56-56.20 levels. However if JPYINR breaks below 55.50 level it would witness selling which would take JPYINR towards 55.30- 55.10. 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 a downward gap however buying momentum throughout the session led it to close on strong note.. GBPINR closed at 92 with a loss of 0.02 %. On the daily chart GBPINR has formed a small Bullish candle forming lower High-Low compare to previous session indicating negative bias GBPINR is moving in a Lower Top and Lower Bottom formation on the hourly chart indicating short term downtrend. GBPINR is trading below 20 day SMA's which is important short term moving average, indicating negative bias in the short to medium termThe chart pattern suggests that if GBPINR crosses and sustains above 92.10 level it would witness buying which would lead GBPINR towards 92.35-92.60 levels. However if GBPINR breaks below 91.70 level it would witness selling which would take GBPINR towards 91.5-91.30. 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

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