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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Indian Rupee (FOREX:GBPINR)
Bear Market Rally (-75) - GBPINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPINR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPINR
The long-term trend has been DOWN since Apr 12th, 2024 at 103.97392
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 104.86405
The short-term trend has been DOWN since May 7th, 2024 at 104.51016
Smart Scan Analysis for GBPINR
Based on our trend formula, GBPINR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 104.30305 | 104.31792 | 104.19584 | 104.19788 | -0.10517 |
| Prev. Close | Volume | Bid | Ask | Time |
| 104.30305 | 2024-05-09 03:04:35 |