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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.

FOREX_GBPINR
Open High Low GBPINR Price Change
99.07532 99.22156 99.04473 99.14287 +0.06755
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 Oct 12th, 2020 at 95.57524

short term up 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).

+90
Smart Scan Analysis for GBPINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
99.07532 99.22156 99.04473 99.14287 +0.06755
Prev. Close Volume Bid Ask Time
99.07532 2020-12-04 00:28:59
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