Mtechtips MCX-SX GBPINR INTRADAY trading analysis 15-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 15-03-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Pound 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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for GBPINR is 79.75.Resistance for the GBPINR is 82.15-82.66-83.29-83.9-84.13-84.41-87.44-
In medium term Pound is relatively strengthening against 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 81.331 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- Sell if open below 79.64 with stop loss at 80.591 or sell below 79.331 Buy only above 80.901
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