Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-08-2017
MTECHTIPS:- Pound is strengthening against Indian Rupee in long- short- term .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. 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 SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for GBPINR is 82.72-82.66-82.41-.Resistance for the GBPINR is 83.68-83.72-83.73-83.85- 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 RupeeGBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position GBPINR is in sideways and sellers was at high so for short term better buy above 83.857 or hold with stop at 81.93 The next resistance will be at 83.365 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 83.857 with a stop at 82.834 Below 82.604 go for sell and put stop at 83.627
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