Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-03-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 HOLD LONG position.Positionally Immediate support for GBPINR is 79.44.Resistance for the GBPINR is 81.58-81.63-82.25-83.41-83.79-84.07-86.57-
In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro- 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 below80.449 Buy if above 82.0975 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is on SELL signal and GBPINR is coming down from overbought level
Intraday Trend- Buy is advised above 81.964 with a stop at 80.748 Below 80.449 go for sell
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