Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Crossroads (-60) - GBPNPR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPNPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPNPR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPNPR
The long-term trend has been DOWN since Aug 20th, 2021 at 163.23153
The intermediate-term trend has been UP since Jul 24th, 2022 at 151.69107
The short-term trend has been UP since Jul 26th, 2022 at 152.65625
Smart Scan Analysis for GBPNPR
Based on our trend formula, GBPNPR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).