Mtechtips MCX-SX GBPINR INTRADAY trading analysis 31-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 31-01-2017
MTECHTIPS Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend 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 84.37-84.25-84.02-83.7-83.62-83.59-.Resistance for the GBPINR is 89.26-
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 85.388 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is on SELL signal and GBPINR is coming down from overbought level
Intraday Trend- Sell if open below 85.169 with stop loss at 85.811 Buy is advised only above 85.972
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