Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-07-2017


Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-07-2017

MTECHTIPS:- The  Pound is Strongly strengthening 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 on SELL signal and GBPINR is coming down from overbought level but has moved past its recent high. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is on SELL signal and GBPINR is coming down from overbought level For short term Pound is in HOLD SHORT position.Positionally Support for GBPINR is 83.41-83.37-83.1-82.92-82.74-82.47-82.29-. Immediate resistance for GBPINR is 84.77In medium term Pound is relatively strengthening against Euro- In long term Pound is relatively strengthening against Euro-Short term and Intraday Level of Pound with RupeeCurrently GBPINR is in HOLD LONG position GBPINR is moving sideways so short term investor better to buy only above 84.43 with stop at 82.9225 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 84.709 with a stop at 83.862 Below 83.692 go for sell

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