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

Now:
Last Hour:
Last 24 Hours:
Total:

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-10-2016

Monday, October 24, 2016 1:10
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-10-2016

B4INREMOTE-aHR0cHM6Ly8yLmJwLmJsb2dzcG90LmNvbS8tVS1Mbkh2R0pxa00vV0EyX2xCZVBVeEkvQUFBQUFBQUE5cVEvSjBtNTdCaEctTjh0RERxYm5nejNOMDhqT2twQmNZUTVBQ0xjQi9zMzIwL0dCUElOUiUyQjQuanBn

 

MTECHTIPS Sell below 82.10 Target 81.20-80.90. Stop loss above 82.45.GBPINR stalled its recent bearish trend and consolidated around 81.80-82.50 levels last week.  Pair drop towards 81.81 after lower than expected UK retail sales data dampened sentiment.  Also, pound remained under pressure as dollar strengthened after Federal Reserve New York President William Dudley said he expects the US central bank to hike rates before the year-end. Technically, weekly price action resulted in formation of high wave candle stick which is indicating for temporary recovery before next bearish move. On the downside, crucial support is seen at 81.80 and pair would need to trade below 81.80 in order to test 81.40-81.00.

WWW.MTECHTIPS.COM

07489294118-119

Report abuse

Comments

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

Register

Newsletter

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.