Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-02-2017
MTECHTIPS Pound is weakening against Indian Rupee .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 and GBPINR closed below 1 week low with volume signals down breakout.Positionally Support for GBPINR is 83.84-83.76-.Resistance for the GBPINR is 84.81-84.89-84.96-85.38-89.07-
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 and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short term buy only if close above 85.367 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 83.712 with stop loss at 84.769 or sell below 83.343 Buy only above 85.14
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