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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.
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MarketClub’s Trade Triangles for GBPINR
The long-term trend has been DOWN since Sep 12th, 2023 at 102.23320
The intermediate-term trend has been DOWN since Aug 23rd, 2023 at 104.42900
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).
| 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 |