Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-01-2017

MTECHTIPS Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .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 showing BUY signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 84.49-84.19-83.51-83.37-83.33-83.22-.Resistance for the GBPINR is 89.47-

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

Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 84.034 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing BUY signal

Intraday Trend- is in intraday buy level better buy above 85.481 or in low buy above 84.471 Target is 85.821 next 86.382 Below 84.131 trend reversal can occur so keep long stop at 84.131

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