Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume 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 SELL position.Positionally Support for GBPINR is 80.54-.Resistance for the GBPINR is 81.41-81.44-82.69-83.2-83.8-85.7-
In medium term Pound is relatively strengthening against Yen- In long term Pound is relatively strengthening against Euro- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 80.829 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 81.362 with a stop at 80.818 Below 80.748 go for sell with a stop at 81.292
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