Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Dec 2nd, 2018 at 144.940
The intermediate term trend has been DOWN since Oct 28th, 2018 at 152.830
The short term trend has been UP since Dec 6th, 2018 at 144.165
Smart Scan Analysis for GBPNPR
Based on a pre-defined weighted trend formula for chart analysis, GBPNPR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).