Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-01-2017
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. For short term Pound is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for GBPINR is 81.65.Resistance for the GBPINR is 83.86-83.96-84.3-84.36-84.78-85.4-89.75-
In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Dollar-
Short term and Intraday Level of Pound with Rupee
GBPINR and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position GBPINR is in sideways so for short term better buy above 83.306 or hold with stop at 81.975 The next resistance will be at 83.86 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy only if open above 82.895 with a stop at 81.736 or buy above 83.306 Below 81.327 go for sell or sell if open below81.736
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