Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-11-2016
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-11-2016
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 and the positive trend is still continuing. 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.Positionally Support for GBPINR is 84.22-83.75-83.36-82.62-.Resistance for the GBPINR is 86.14-87.01-92.13-
In medium term Pound is relatively strengthening against Dollar- 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 is in sideways so if buying has to considered better above85.2325 or hold with stop at 83.925 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 84.501 or sell below 84.201 with stop loss at 85.451 Buy if open above 85.451 or buy above 85.751 with stop loss at 84.501
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