Home / TIPS / Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-12-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-12-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-12-2016

MTECHTIPS Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend and the trend is supported with good volume 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 Support for GBPINR is 83.54-.Resistance for the GBPINR is 84.4-84.77-85.01-85.39-85.92-90.48-

In long term Pound is relatively strengthening against Euro- Dollar-

Short term and Intraday Level of Pound with Rupee

Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 83.556 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 84.158 with a stop at 83.662 Below 83.602 go for sell with a stop at 84.098

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