Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-01-2017
MTECHTIPS Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is on BUY Signal and GBPINR is recovering from oversold level For short term Pound is in HOLD SHORT position.Positionally Support for GBPINR is 83.41-83.33-.Resistance for the GBPINR is 84.45-84.5-84.78-85.5-89.88-
In medium term Pound is relatively strengthening against Euro- Dollar- 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 GBPINR is in sideways so for short term better buy above 84.695 with stop at 82.7875 The oscillator is showing SELL signal
Intraday Trend- Buy above 84.098 and keep stop below 83.403 Target is 84.288 next 84.589 Below 83.213 trend reversal can occur and next level is 82.914
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