September 23, 2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 09-02-2017
MTECHTIPS Pound is weakening against Indian Rupee.Currently Pound is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is on SELL signal and GBPINR is coming down from overbought level For short term Pound is in HOLD SHORT position.Positionally Support for GBPINR is 83.84-.Resistance for the GBPINR is 84.74-84.86-85.03-85.2-88.91-
In medium term Pound is relatively strengthening against Euro- Yen- In long term Pound is relatively strengthening against Dollar-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short term buy only if close above 84.276 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 84.849 with a stop at 83.802 Below 83.563 go for sell
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