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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/Indian Rupee (FOREX:GBPINR)

Sidelines Mode (+55) - GBPINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_GBPINR
Open High Low GBPINR Price Change
105.51150 105.54620 105.19502 105.28869 -0.22281
Entry Signal

MarketClub’s Trade Triangles for GBPINR

long term up The long-term trend has been UP since Dec 14th, 2023 at 106.07498

intermediate term up The intermediate-term trend has been UP since Feb 27th, 2024 at 105.34002

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 105.85229

Smart Scan Analysis for GBPINR

Based on our trend formula, GBPINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
105.51150 105.54620 105.19502 105.28869 -0.22281
Prev. Close Volume Bid Ask Time
105.51150 2024-03-19 07:09:33
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