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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Nepalese Rupee (FOREX:USDNPR)
Weak Downtrend (-65) - USDNPR is showing signs of a strengthening downtrend. Monitor USDNPR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDNPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNPR.
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 USDNPR
The long-term trend has been UP since Apr 10th, 2024 at 134.44131
The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 132.92762
The short-term trend has been DOWN since May 2nd, 2024 at 133.53389
Smart Scan Analysis for USDNPR
Based on our trend formula, USDNPR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 133.28502 | 133.28502 | 133.22622 | 133.22622 | -0.05880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 133.70757 | 2024-05-05 21:01:59 |