Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-04-2017
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 . 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 81.75-81.56-81.2-81.18-.Resistance for the GBPINR is 83.12-83.67-85.28-
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 SHORT position The GBPINR is in downtrend For short term buy only if close above 82.713 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 only above 82.825 with a stop at 82.125 Below 81.996 go for sell and put stop at 82.695
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