Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
British Pound/Nepalese Rupee (FOREX:GBPNPR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPNPR
The long term trend has been DOWN since May 16th, 2019 at 144.055
The intermediate term trend has been UP since Aug 18th, 2019 at 137.135
The short term trend has been UP since Aug 5th, 2019 at 134.410
Smart Scan Analysis for GBPNPR
Based on a pre-defined weighted trend formula for chart analysis, GBPNPR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).