Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-05-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-05-2016
MTECHTIPS :- Pound traded at near three-way Monday as dollar strengthened on increased fears of a Federal Reserve rate hike in near term after data released Friday showed strong improvements in the US retail sales.After hitting a low of 95.95, GBPINR witnessed sharp pullback and settled at 96.2350.Intraday price action resulted in formation of inverted hammer which is indicating for bearish trend reversal in GBPINR. Further, GBPNR would need to trade below 95.90 in order to test 95.55-95.00
WWW.MTECHTIPS.COM
07489294118-119

Post Comment