nse pound rupee weekly tips for 1 to 5 june 2015

nse pound rupee daily chart technical analysis

nse pound rupee future on last trading session closed at 97.94 with loss. on daily chart, uk pound is in uptrend against rupee but came down significantly on profit booking. momentum is changing on bears side and pound might show lower levels in next week. nse pound rupee just closed below 1month average of 98.35 and heading towards 3 month average of 96.6. daily chart macd is above zero but with fresh sell signal. rsi slipped below 50 with fresh sell signal for nse pound rupee. cci is –48 and heading towards oversold are with bearish divergence.
for next week, nse pound rupee might show 96 to 96.2 levels on downside on continuation of correction move.101 is previous top and remain as strong resistance on upside.

nse pound rupee weekly chart technical analysis

nse pound rupee this week closed with loss. this was second weekly loss for uk pound vs. Indian rupee. this week nse pound rupee hit high around 99.4 while low was at 97.85. total 1.55 rupee weekly range and closed near low with bearish outlook.
nse pound rupee weekly chart price trend is bullish but momentum is building for bears on continue profit booking as well as fresh shorts. pound still trading above major average but with fresh sell signal on weekly indicators. on downside 96.8 and 96.3 are strong supports of moving averages. weekly chart macd is above zero with fresh sell signal. rsi is at 57 with sell signal and cci is at 55.
from medium to long term view, nse pound rupee below 99 remain sell for downside targets of 96.8 and then 94.8. expect uptrend and short covering rally for nse pound rupee above 99 rupee levels only.

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