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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Indian Rupee (FOREX:GBPINR)
Sidelines Mode (-55) - GBPINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for GBPINR
The long-term trend has been UP since Jun 3rd, 2024 at 106.86767
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 109.83635
The short-term trend has been UP since Nov 20th, 2024 at 107.18407
Smart Scan Analysis for GBPINR
Based on our trend formula, GBPINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 107.06622 | 107.28661 | 106.99182 | 107.04859 | -0.01763 |
| Prev. Close | Volume | Bid | Ask | Time |
| 107.06622 | 2024-11-20 03:35:22 |