Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Indian Rupee/British Pound (FOREX:INRGBP)
Sidelines Mode (-55) - INRGBP 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 INRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRGBP
The long-term trend has been DOWN since Jul 28th, 2020 at 0.01031355
The intermediate-term trend has been DOWN since Dec 17th, 2020 at 0.01001583
The short-term trend has been UP since Mar 3rd, 2021 at 0.00983095
Smart Scan Analysis for INRGBP
Based on our trend formula, INRGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).