Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-11-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-11-2016

MTECHTIPS The Pound is weakening against Indian Rupee .Currently Pound is moving sideways The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . 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 Pound is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for GBPINR is 82.86-81.68-81.64-.Resistance for the GBPINR is 86.02-86.91-88.63-92.93-

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

GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 82.171 The oscillator is showing BUY signal 

Intraday Trend- is in intraday buy level better buy above 83.707 or in low buy above 82.834 Target is 83.978 next 84.429 Below 82.565 trend reversal can occur so keep long stop at 82.565.

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