Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-07-2018 MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .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 on SELL signal and GBPINR is coming down from overbought level For short term Pound is in HOLD SHORT position.Positionally Support for GBPINR is 90.82-90.76-90.54-90.44-90.29-88.73-.Resistance for the GBPINR is 91.71- 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 HOLD SHORT position The GBPINR is in downtrend .Last day GBPINR was in bull trend So short term buyers buy if close above 90.855 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy the GBPINR above 91.813 with a stop at 90.469 Target is 92.144 next 92.695 Below 90.469 trend reversal can occur so keep long stop at 90.469 WWW.MTECHTIPS.COM 07489294118-119
Published on Jul 17 2018 11:09AM, by MTECHTIPS in Currency| Share This