Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Nepalese Rupee/US Dollar (FOREX:NPRUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NPRUSD
The long term trend has been DOWN since Aug 7th, 2019 at 0.00887000
The intermediate term trend has been UP since Jan 12th, 2020 at 0.00879476
The short term trend has been DOWN since Jan 21st, 2020 at 0.00879350
Smart Scan Analysis for NPRUSD
Based on a pre-defined weighted trend formula for chart analysis, NPRUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).