Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-03-2017
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 .. 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 Pound is in SELL position.Positionally Immediate support for GBPINR is 79.44.Resistance for the GBPINR is 81.48-82.09-82.89-83.7-84.09-84.22-87.17-
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
Currently GBPINR is in HOLD LONG position GBPINR is showing some Up momentum So buy above 80.809 with stop at 79.7625 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 81.753 with a stop at 80.618 Below 80.349 go for sell and put stop at 81.483
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