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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

British Pound/Indian Rupee (FOREX:GBPINR)

Strong Downtrend (-100) - GBPINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPINR continues to fall. 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.

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FOREX_GBPINR
Open High Low GBPINR Price Change
103.97313 104.67809 103.57358 103.82881 -0.14432
Entry Signal

MarketClub’s Trade Triangles for GBPINR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 103.97392

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 104.86405

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 105.07555

Smart Scan Analysis for GBPINR

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

-100
Smart Scan Analysis for GBPINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
103.97313 104.67809 103.57358 103.82881 -0.14432
Prev. Close Volume Bid Ask Time
103.97313 2024-04-15 22:17:10
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