Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Nepalese Rupee/US Dollar (FOREX:NPRUSD)
Bull Market Weakness (+75) - NPRUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NPRUSD as it may be in the beginning stages of a reversal.
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 UP since Aug 18th, 2020 at 0.00838419
The intermediate-term trend has been UP since Feb 18th, 2021 at 0.00862541
The short-term trend has been UP since Feb 18th, 2021 at 0.00861072
Smart Scan Analysis for NPRUSD
Based on our trend formula, NPRUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).