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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

British Pound/Indian Rupee (FOREX:GBPINR)

Crossroads (-60) - GBPINR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
109.89657 110.10621 109.67735 110.01179 +0.11522
Entry Signal

MarketClub’s Trade Triangles for GBPINR

long term up The long-term trend has been UP since Jun 3rd, 2024 at 106.86767

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 109.83635

short term down The short-term trend has been DOWN since Oct 1st, 2024 at 111.79035

Smart Scan Analysis for GBPINR

Based on our trend formula, GBPINR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
109.89657 110.10621 109.67735 110.01179 +0.11522
Prev. Close Volume Bid Ask Time
109.89657 2024-10-08 09:18:06
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