Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Nepalese Rupee/British Pound (FOREX:NPRGBP)
Countertrend Down (-85) - NPRGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid NPRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for NPRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NPRGBP
The long-term trend has been DOWN since Dec 4th, 2023 at 0.00597534
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 0.00616613
The short-term trend has been UP since Dec 10th, 2023 at 0.00595961
Smart Scan Analysis for NPRGBP
Based on our trend formula, NPRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).