Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Countertrend Up (+85) - GBPNPR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Dec 4th, 2023 at 167.37737
The intermediate-term trend has been UP since Nov 6th, 2023 at 162.19981
The short-term trend has been UP since Oct 31st, 2023 at 161.53780
Smart Scan Analysis for GBPNPR
Based on our trend formula, GBPNPR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).