Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-08-2018 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 Support for GBPINR is 89.01-88.99-.Resistance for the GBPINR is 90.1-90.4-90.63-90.96-91.42- 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 LONG position GBPINR has crossed the high but the trend was not so strong so for short term better buy above 90.08 with stop at 87.0675 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 if open above 89.93 with a stop at 89.291 Strong Buy above 90.08 Below 89.141 go for sell or sell if open below89.291 WWW.MTECHTIPS.COM 07489294118-119
Published on Aug 16 2018 11:03AM, by MTECHTIPS in Currency| Share This