Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-06-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-06-2017
MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- term .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 .In last 1 month volatality is very less Buy the GBPINR above 85.02 or buy with strict stop at 82.36. 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 SHORT position.Positionally Support for GBPINR is 82.62-82.22-82.09-.Resistance for the GBPINR is 83.74-83.86-84.09-84.6-
In medium term Pound is relatively strengthening against Euro-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend .Last day GBPINR was in bull trend So short term buyers buy if close above 83.366 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy the GBPINR if open above 83.577 or above 83.797 with a stop at 82.824 Sell below 82.604 or sell if open below 82.824
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