Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Last Hour:
Last 24 Hours:

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-10-2016

Sunday, October 16, 2016 22:23
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-10-2016


MTECHTIPS Sell below 81.40 Target 80.90-80.45. Stop loss above 81.65.

Worries of exit from the European Union may impact UK more adversely than previously thought had witnessed more than 1.10% fall in GBPINR.  Pound is set to close at over three-decade lows on fears difficult terms of UK’s official exit from the European Union will impact negatively on the British Economy last week French president Francois Hollande warned the United Kingdom to face “tough Brexit negotiations” as it leave the European Union.  Technically, sell strategy given below 82.40 was successful with pair drop towards 81.5025. Technically, a pennant break down was found on the weekly chart which is indicating for bearishness in the GBPINR. Further, pair would need to trade below its previous swing low 81.40 in order to test 80.65-80.20. 



Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.