Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
Nepalese Rupee/US Dollar (FOREX:NPRUSD)
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 NPRUSD
The long term trend has been DOWN since Mar 12th, 2018 at 0.009685
The intermediate term trend has been DOWN since Jun 17th, 2018 at 0.009205
The short term trend has been DOWN since Oct 3rd, 2018 at 0.008556
Smart Scan Analysis for NPRUSD
Based on a pre-defined weighted trend formula for chart analysis, NPRUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).