Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Bear Market Rally (-75) - GBPNPR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPNPR as it may be in the beginning of a reversal.
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 Mar 3rd, 2023 at 158.12208
The intermediate-term trend has been DOWN since Mar 3rd, 2023 at 158.45593
The short-term trend has been UP since Mar 17th, 2023 at 157.34557
Smart Scan Analysis for GBPNPR
Based on our trend formula, GBPNPR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).