Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-12-2018
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-12-2018
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . 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 HOLD SHORT position.Positionally Immediate support for GBPINR is 88.21.Resistance for the GBPINR is 90.22-90.47-90.75-92.24-92.93-93.28-93.84- In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Dollar- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short term buy only if close above 89.11 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 is advised above 89.358 with a stop at 88.463 Below 88.283 go for sell
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