Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-07-2018
MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for GBPINR is 91.03-90.77-90.63-90.48-90.3-90.21-88.63-. Immediate resistance for GBPINR is 92.34 In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Dollar- Yen- 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 91.423 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- is in intraday buy level better buy above 92.234 or in low buy above 91.596 Target is 92.364 next 92.585 Below 91.467 trend reversal can occur so keep long stop at 91.467
WWW.MTECHTIPS.COM
07489294118-119
Published on
Jul 11 2018 11:49AM, by
MTECHTIPS in
Currency|
Share This