Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-01-2017
MTECHTIPS The Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend with good momentum 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 The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for GBPINR is 84.43-84.22-83.64-83.52-83.5-83.46-.Resistance for the GBPINR is 89.36-
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 closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position GBPINR has crossed the high but the trend was not so strong so for short term better buy above 86.302 with stop at 83.75 The GBPINR is now trading in highly overbought level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy if open above 86.052 with a stop at 85.219 Strong Buy above 86.302 Below 84.97 go for sell or sell if open below85.219
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