Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-03-2017
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 . 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 79.44.Resistance for the GBPINR is 81.85-82.46-83.14-83.83-84.11-84.35-87.34-
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
Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend .Last day GBPINR was in bull trend So short term buyers buy if close above 80.985 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 the GBPINR if open above 80.711 or above 80.912 with a stop at 79.98 Sell below 79.78 or sell if open below 79.98

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