Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-04-2017
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 .. 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 and closed above 1 month high with volume signals up breakout.Positionally Support for GBPINR is 82.51-81.93-80.88-80.85-80.76-.Resistance for the GBPINR is 83.76-85.54-
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
GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 81.53 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 83.847 with a stop at 82.594 Below 82.285 go for sell with a stop at 83.537
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