Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
British Pound/Indian Rupee (FOREX:GBPINR)
Long-Term Downtrend (-90) - GBPINR is in a strong downtrend that is likely to continue. While GBPINR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for GBPINR
The long-term trend has been DOWN since Mar 14th, 2022 at 99.41166
The intermediate-term trend has been DOWN since Aug 16th, 2022 at 95.36915
The short-term trend has been DOWN since Aug 12th, 2022 at 95.92530
Smart Scan Analysis for GBPINR
Based on our trend formula, GBPINR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).