Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-07-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-07-2018

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 BUY signal For short term Pound is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for GBPINR is 90.24-90.19-89.9-88.81-.Resistance for the GBPINR is 91.04-91.53-91.55- In medium term Pound is relatively strengthening against Euro- Dollar- 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 GBPINR is in sideways and sellers was at high so for short term better buy above 90.982 or hold with stop at 88.7675 The next resistance will be at 90.6325 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 90.982 with a stop at 90.369 Below 90.289 go for sell and put stop at 90.901

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