Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Sidelines Mode (+55) - GBPNPR 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 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 UP since Mar 6th, 2020 at 152.07778
The intermediate-term trend has been UP since Oct 13th, 2020 at 151.93147
The short-term trend has been DOWN since Mar 4th, 2021 at 163.56463
Smart Scan Analysis for GBPNPR
Based on our trend formula, GBPNPR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).