Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-01-2017
MTECHTIPS 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 . In last few days lot of positive accumulation happened in the Pound. 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 .Positionally Support for GBPINR is 84.4-84.24-83.82-83.62-83.56-83.53-.Resistance for the GBPINR is 89.31-
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 GBPINR is in up trend but last day trend was weak so adhere to stop at 85.189 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 85.329 with stop loss at 85.972 Buy is advised only above 86.122
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