Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-08-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-08-2018

MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend 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.Positionally Support for GBPINR is 89.03-88.91-.Resistance for the GBPINR is 90.05-90.31-90.62-90.91-91.4- 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 Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 89.088 Very Short term investor please cautious on GBPINR as it is moving with low volatality 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 above 90.01 with a stop at 89.221 Below 89.081 go for sell with a stop at 89.869

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