Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-08-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Pound. 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 SELL position.Positionally Immediate support for GBPINR is 81.97.Resistance for the GBPINR is 83.34-83.43-83.7-83.71-83.73-83.89-84.07- In medium term Pound is relatively strengthening against Euro- Yen- In long term Pound is relatively strengthening against Euro-Short term and Intraday Level of Pound with RupeeCurrently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short term buy only if close above 82.815 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 82.755 with a stop at 82.026 Below 81.886 go for sell
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