Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since May 30th, 2018 at 143.115
The intermediate term trend has been DOWN since Jul 22nd, 2018 at 144.215
The short term trend has been DOWN since Aug 20th, 2018 at 142.305
Smart Scan Analysis for GBPNPR
Based on a pre-defined weighted trend formula for chart analysis, GBPNPR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).