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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Countertrend Down (-85) - GBPNPR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPNPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPNPR.
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 GBPNPR
The long-term trend has been DOWN since Apr 15th, 2024 at 166.75690
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 168.29970
The short-term trend has been UP since May 3rd, 2024 at 167.57301
Smart Scan Analysis for GBPNPR
Based on our trend formula, GBPNPR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 167.18881 | 167.20927 | 167.18881 | 167.20927 | +0.02046 |
| Prev. Close | Volume | Bid | Ask | Time |
| 166.98386 | 2024-05-05 21:01:59 |