Mtechtips MCX-SX GBPINR INTRADAY trading analysis 8-07-2019 MTECHTIPS Pound is weakening against Indian Rupee .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 . 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 86.35.Resistance for the GBPINR is 88.3-88.34-88.49-89.53-90.19-90.96-92.09-In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in SELL position The GBPINR was in downtrend but yesterday market closed in confusion so book short if any or hold with tight stop at 87.174 If trades and sustain above 86.7 it is a covering signal The GBPINR is now trading in highly oversold level. The EURINR is now trading in oversold level. The oscillator is showing SELL signal WWW.MTECHTIPS.COM 07489294118-119
Published on Jul 8 2019 10:36AM, by MTECHTIPS in Currency| Share This