Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-04-2017
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee.Currently Pound is showing some down move and trend is strong momentum is also showing strength but volume is unsatisfactory 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 SELL signal For short term Pound is in HOLD LONG position.Positionally Immediate support for GBPINR is 79.57.Resistance for the GBPINR is 81.46-81.58-81.59-83.05-83.37-83.93-86-
In medium term Pound is relatively strengthening against Euro- Yen- In long term Pound is relatively strengthening against Euro- Yen-
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 80.903 The oscillator is showing SELL signal
Intraday Trend- Buy the GBPINR if open above 80.611 or above 80.731 with a stop at 80.05 Sell below 79.93 or sell if open below 80.05
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