Mtechtips MCX-SX GBPINR INTRADAY trading analysis 25-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 25-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Pound 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 The current position is BUY .Positionally Support for GBPINR is 81.79-81.36-81.13-81.1-.Resistance for the GBPINR is 83.14-83.7-85.32-
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 GBPINR is moving sideways with low volatality so short term investor better to buy if close above 83.1 close below 80.95 sell will happen. The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend-Intraday better to buy above 83.166 and Sell if below82.215
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