Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-08-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-08-2018

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 . In last few days volume based selling happened in the Pound. 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 SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for GBPINR is 86.72.Resistance for the GBPINR is 89.68-90.16-90.25-90.69-91.11-91.47- 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 and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short term buy only if close above 89.088 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 89.108 with a stop at 87.894 Below 87.475 go for sell

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