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.
MarketClub’s Trade Triangles for GBPNPR
The long-term trend has been DOWN since Aug 20th, 2021 at 163.23153
The intermediate-term trend has been DOWN since Jan 24th, 2022 at 160.97158
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).