Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Indian Rupee (FOREX:GBPINR)
Long-Term Uptrend (+90) - GBPINR is in a strong uptrend that is likely to continue. While GBPINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPINR
The long-term trend has been UP since Jul 28th, 2020 at 96.95985
The intermediate-term trend has been UP since Oct 12th, 2020 at 95.57524
The short-term trend has been UP since Dec 3rd, 2020 at 99.09832
Smart Scan Analysis for GBPINR
Based on our trend formula, GBPINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).