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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
British Pound/Indian Rupee (FOREX:GBPINR)
Countertrend Down (-85) - GBPINR 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 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 UP since Apr 24th, 2024 at 103.87325
Smart Scan Analysis for GBPINR
Based on our trend formula, GBPINR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 104.13189 | 104.56482 | 104.12323 | 104.22838 | +0.09649 |
| Prev. Close | Volume | Bid | Ask | Time |
| 104.13189 | 2024-04-26 09:01:16 |