Free Daily Analysis

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.

FOREX_NPRGBP
Open High Low NPRGBP Price Change
0.00595583 0.00595729 0.00595583 0.00595729 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for NPRGBP

long term down The long-term trend has been DOWN since Dec 4th, 2023 at 0.00597534

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2023 at 0.00616613

short term up 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).

-85
Smart Scan Analysis for NPRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00595583 0.00595729 0.00595583 0.00595729 +0.00000100
Prev. Close Volume Bid Ask Time
0.00595583 2023-12-11 08:48:48
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