Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-05-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is moving sideways The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal and has moved down its previous low with good volume points to a negative break out . 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 HOLD LONG position and GBPINR closed below 1 week low with volume signals down breakout.Positionally Support for GBPINR is 82.29-81.92-.Resistance for the GBPINR is 83.3-83.66-83.92-84.02-84.68-
In medium term Pound is relatively strengthening against Euro-
Short term and Intraday Level of Pound with Rupee
GBPINR and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position GBPINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below82.235 Buy if above 84.33 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 83.547 with a stop at 82.485 Below 82.235 go for sell
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