Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-05-2019 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 . In last few days volume based selling happened in the Pound 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 87.54.Resistance for the GBPINR is 90.31-90.67-90.88-91.24-91.68-91.99-92.32- In medium term Pound is relatively strengthening against Euro- Dollar- 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 88.622 The GBPINR is now trading in highly oversold level. The EURINR is now trading in oversold level. The oscillator is showing SELL signal Intraday Trend- Buy the GBPINR if open above 88.657 or above 88.777 with a stop at 88.044 Sell below 87.924 or sell if open below 88.044 WWW.MTECHTIPS.COM 07489294118-119
Published on May 24 2019 10:47AM, by MTECHTIPS in Currency| Share This