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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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
106.90256 107.09460 106.59180 106.79588 -0.10668
Entry Signal

MarketClub’s Trade Triangles for GBPINR

long term down The long-term trend has been DOWN since Nov 21st, 2024 at 106.33734

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2024 at 106.15503

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 106.45112

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
106.90256 107.09460 106.59180 106.79588 -0.10668
Prev. Close Volume Bid Ask Time
106.90256 2024-12-26 14:03:51
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