Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-02-2017
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 84.53-84.29-84.28-83.95-83.76-83.68-.Resistance for the GBPINR is 89.17-
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 SHORT position GBPINR is in sideways so for short term better buy above 86.1425 with stop at 84.57 The oscillator is showing SELL signal
Intraday Trend- Buy above 85.911 and keep stop below 85.109 Target is 86.152 next 86.533 Below 84.87 trend reversal can occur and next level is 84.491
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