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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Indian Rupee (FOREX:GBPINR)
Countertrend Up (+85) - GBPINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for GBPINR
The long-term trend has been UP since Jun 3rd, 2024 at 106.86767
The intermediate-term trend has been UP since Jul 8th, 2024 at 107.01500
The short-term trend has been DOWN since Jul 19th, 2024 at 108.15466
Smart Scan Analysis for GBPINR
Based on our trend formula, GBPINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 107.70843 | 107.84297 | 107.58200 | 107.76885 | +0.06042 |
| Prev. Close | Volume | Bid | Ask | Time |
| 107.70843 | 2024-07-26 19:54:55 |