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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

British Pound/Indian Rupee (FOREX:GBPINR)

Bull Market Weakness (+75) - GBPINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPINR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPINR
Open High Low GBPINR Price Change
102.38624 103.12916 102.05478 102.48204 +0.09580
Entry Signal

MarketClub’s Trade Triangles for GBPINR

long term up The long-term trend has been UP since Jul 28th, 2020 at 96.95985

intermediate term up The intermediate-term trend has been UP since Apr 4th, 2021 at 101.57914

short term up The short-term trend has been UP since Apr 19th, 2021 at 103.81195

Smart Scan Analysis for GBPINR

Based on our trend formula, GBPINR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
102.38624 103.12916 102.05478 102.48204 +0.09580
Prev. Close Volume Bid Ask Time
102.38624 2021-05-07 18:36:40
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