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Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

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.

FOREX_GBPNPR
Open High Low GBPNPR Price Change
171.79925 171.79925 171.79925 171.79925 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPNPR

long term down The long-term trend has been DOWN since Nov 18th, 2024 at 170.62738

intermediate term down The intermediate-term trend has been DOWN since Oct 10th, 2024 at 176.91276

short term up The short-term trend has been UP since Nov 30th, 2024 at 171.01957

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).

-75
Smart Scan Analysis for GBPNPR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
171.79925 171.79925 171.79925 171.79925 0.00000
Prev. Close Volume Bid Ask Time
172.14136 2024-11-30 18:38:56
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