Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-02-2017
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 .. 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 84.69-84.29-84.26-84.1-83.83-83.73-.Resistance for the GBPINR is 89.13-
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 down trend so buy above 85.57 The sell will again come if below 84.57 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 85.922 with a stop at 85.229 Below 85.119 go for sell
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