Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Nepalese Rupee/US Dollar (FOREX:NPRUSD)
Sidelines Mode (+50) - NPRUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NPRUSD can gain momentum.
Is it time to buy, sell, or avoid NPRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NPRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NPRUSD
The long-term trend has been DOWN since Aug 9th, 2023 at 0.00754559
The intermediate-term trend has been UP since Sep 23rd, 2023 at 0.00756106
The short-term trend has been UP since Sep 23rd, 2023 at 0.00754782
Smart Scan Analysis for NPRUSD
Based on our trend formula, NPRUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).