Home / TIPS / Mtechtips MCX-SX GBPINR INTRADAY trading analysis 15-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 15-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 15-02-2017

MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 83.17.Resistance for the GBPINR is 84.53-84.58-84.63-84.69-84.96-88.67-

In medium term Pound is relatively strengthening against Yen- In long term Pound is relatively strengthening against Dollar-

Short term and Intraday Level of Pound with Rupee

Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short term buy only if close above 84.066 The oscillator is showing SELL signal

Intraday Trend- Sell if open below 83.313 with stop loss at 83.988 or sell below 83.133 Buy only above 84.168

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