Mtechtips MCX-SX GBPINR INTRADAY trading analysis 09-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 09-03-2017
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 81.02.Resistance for the GBPINR is 82.87-83.21-83.82-84.06-84.15-84.56-87.68-
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 GBPINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below81.048 Buy if above 82.385 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 81.703 with a stop at 81.127 Below 81.048 go for sell
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