Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-05-2017
MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong downtrend 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 BUY signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 83.27-83.18-82.81-82.63-82.36-81.8-.Resistance for the GBPINR is 84.76-
In long term Pound is relatively strengthening against 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 84.6775 close below 82.85 sell will happen. 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-Intraday better to buy above 84.709 and Sell if below83.662
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