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USDINR

USDINR opened with an upward gap and remained lackluster throughout the session.. USDINR closed at 83.037 with a gain of 0.13 %. On the daily chart USDINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. 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 83.10 level it would witness buying which would lead USDINR towards 83.30-83.45 levels. However if USDINR breaks below 82.85 level it would witness selling which would take USDINR towards 82.65-82.45. 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 a downward gap and remained negative throughout the day. EURINR closed at 81.11 with a loss of 1.35 %. On the daily chart EURINR has formed a sizable bearish candle and closed below previous session's low indicating weakness EURINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. 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 breaks and sustains below 80.90 level it would witness selling which would lead EURINR towards 80.70-80.50 levels. Important Resistances for the day are placed at 82.40-82.60. 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 and remained negative throughout the day. JPYINR closed at 56.22 with a loss of 0.73 %. On the daily chart JPYINR has formed a long Bearish candle forming lower HighLow compare to previous session indicating negative bias. JPYINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down 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 56.15 level it would witness selling which would lead JPYINR towards 56-55.80 levels. Important Resistances for the day are placed at 56.90- 57.10. 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 a downward gap and remained negative throughout the day. GBPINR closed at 93.51 with a loss of 2.05 %. On the daily chart GBPINR has formed a long Bearish candle forming lower HighLow compare to previous session indicating negative 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 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 breaks and sustains below 93.35 level it would witness selling which would lead GBPINR towards 93.10-92.90 levels. Important Resistances for the day are placed at 95.20-95.40. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

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