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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.

FOREX_GBPINR
Open High Low GBPINR Price Change
95.02193 95.18732 94.24969 94.52808 -0.49385
Entry Signal

MarketClub’s Trade Triangles for GBPINR

long term down The long-term trend has been DOWN since Mar 14th, 2022 at 99.41166

intermediate term down The intermediate-term trend has been DOWN since Aug 16th, 2022 at 95.36915

short term down 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).

-90
Smart Scan Analysis for GBPINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
95.02193 95.18732 94.24969 94.52808 -0.49385
Prev. Close Volume Bid Ask Time
95.02193 2022-08-19 17:26:17
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