Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPNPR
The long term trend has been UP since Sep 5th, 2019 at 141.20000
The intermediate term trend has been DOWN since Dec 23rd, 2019 at 147.90078
The short term trend has been UP since Jan 23rd, 2020 at 148.63984
Smart Scan Analysis for GBPNPR
Based on a pre-defined weighted trend formula for chart analysis, GBPNPR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).