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Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

British Pound/Nepalese Rupee (FOREX:GBPNPR)

Long-Term Downtrend (-90) - GBPNPR is in a strong downtrend that is likely to continue. While GBPNPR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_GBPNPR
Open High Low GBPNPR Price Change
161.83727 161.83727 161.83727 161.83727 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPNPR

long term down The long-term trend has been DOWN since Aug 20th, 2021 at 163.23153

intermediate term down The intermediate-term trend has been DOWN since Jan 24th, 2022 at 160.97158

short term down The short-term trend has been DOWN since Jan 21st, 2022 at 162.15163

Smart Scan Analysis for GBPNPR

Based on our trend formula, GBPNPR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPNPR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
161.83727 161.83727 161.83727 161.83727 0.00000
Prev. Close Volume Bid Ask Time
161.83727 2022-01-26 07:15:32
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