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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Nepalese Rupee/US Dollar (FOREX:NPRUSD)
Bull Market Weakness (+75) - NPRUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NPRUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NPRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NPRUSD.
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 NPRUSD
The long-term trend has been DOWN since Apr 10th, 2024 at 0.00743918
The intermediate-term trend has been UP since Apr 23rd, 2024 at 0.00752393
The short-term trend has been UP since May 2nd, 2024 at 0.00748979
Smart Scan Analysis for NPRUSD
Based on our trend formula, NPRUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00750377 | 0.00750708 | 0.00750377 | 0.00750708 | +0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00748006 | 2024-05-05 21:01:59 |