Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-03-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal For short term Pound is in HOLD SHORT position.Positionally Immediate support for GBPINR is 81.64.Resistance for the GBPINR is 83.25-83.53-84.14-84.18-84.64-87.83-
In medium term Pound is relatively strengthening against 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 The GBPINR is in downtrend For short term buy only if close above 82.358 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 82.485 with a stop at 81.816 Below 81.696 go for sell
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