Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPNPR
The long term trend has been UP since Sep 6th, 2018 at 147.575
The intermediate term trend has been UP since Aug 30th, 2018 at 143.535
The short term trend has been UP since Oct 3rd, 2018 at 152.475
Smart Scan Analysis for GBPNPR
Based on a pre-defined weighted trend formula for chart analysis, GBPNPR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).