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.
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 Apr 4th, 2021 at 101.57914
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).