Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 SHORT position.Positionally Immediate support for GBPINR is 79.44.Resistance for the GBPINR is 81.54-81.8-82.07-83.31-83.68-84.05-86.41-
In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro- Dollar- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position GBPINR is in sideways so for short term better buy above 81.985 with stop at 80.875 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 81.573 with a stop at 80.948 Below 80.848 go for sell
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