Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

British Pound/Indian Rupee (FOREX:GBPINR)

Bear Market Rally (-75) - GBPINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPINR as it may be in the beginning of a reversal.

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.

FOREX_GBPINR
Open High Low GBPINR Price Change
101.36562 101.65001 101.03135 101.22602 -0.13960
Entry Signal

MarketClub’s Trade Triangles for GBPINR

long term down The long-term trend has been DOWN since Sep 12th, 2023 at 102.23320

intermediate term down The intermediate-term trend has been DOWN since Aug 23rd, 2023 at 104.42900

short term up The short-term trend has been UP since Sep 29th, 2023 at 101.72232

Smart Scan Analysis for GBPINR

Based on our trend formula, GBPINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
101.36562 101.65001 101.03135 101.22602 -0.13960
Prev. Close Volume Bid Ask Time
101.36562 2023-10-02 08:37:06
Get a free daily analysis and signals for British Pound/Indian Rupee (GBPINR) - Request Your Free Report.