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USDINR

USDINR opened with an upward gap and remained in positive terrain throughout the day. USDINR closed at 82.04 with a gain of 0.39 %. On the daily chart USDINR has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. USDINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. 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 82.20 level it would witness buying which would lead USDINR towards 82.40-82.60 levels. However if USDINR breaks below 81.75 level it would witness selling which would take USDINR towards 81.55-81.35. 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

EURINR

EURINR opened with downward gap and remained extreme volatile throughout the session.. EURINR closed at 80.26 with a gain of 0.46 %. On the daily chart EURINR has formed a small Bearish candle forming higher Highlow compare to previous session indicating positive bias EURINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up 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 crosses and sustains above 80.85 level it would witness buying which would lead EURINR towards 81-81.20 levels. However if EURINR breaks below 80.20 level it would witness selling which would take EURINR towards 80-79.80. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR

JPYINR opened with an upward gap and remained lackluster within narrow trading range throughout the day. JPYINR closed at 56.70 with a loss of 0.01 %. On the daily chart JPYINR has formed a bullish candle however it remained restricted within previous 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 56.85 level it would witness buying which would lead JPYINR towards 57-57.20 levels. However if JPYINR breaks below 56.60 level it would witness selling which would take JPYINR towards 56.40-56.20. 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 and remained in positive terrain throughout the day. GBPINR closed at 91.85 with a gain of 1.57 %. On the daily chart GBPINR has formed a small bullish candle forming higher HighLow 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 SMA's which indicating negative bias in the short term For the day if GBPINR trade and sustains above 92.40 levels then it may move further upward towards 92.65-92.85 levels. On the downside an immediate intraday support is around 90.90 levels.. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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