Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/Nepalese Rupee (FOREX:USDNPR)
Bull Market Weakness (+75) - USDNPR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDNPR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDNPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNPR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDNPR
The long-term trend has been UP since Oct 6th, 2021 at 119.78313
The intermediate-term trend has been UP since Sep 19th, 2021 at 117.81833
The short-term trend has been UP since Oct 1st, 2021 at 118.58072
Smart Scan Analysis for USDNPR
Based on our trend formula, USDNPR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).