Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
US Dollar/Nepalese Rupee (FOREX:USDNPR)
Strong Downtrend (-100) - USDNPR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Aug 18th, 2020 at 119.29235
The intermediate-term trend has been DOWN since Feb 18th, 2021 at 115.95370
The short-term trend has been DOWN since Feb 18th, 2021 at 116.15122
Smart Scan Analysis for USDNPR
Based on our trend formula, USDNPR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).