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Forex Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

Indian Rupee/British Pound (FOREX:INRGBP)

Countertrend Down (-85) - INRGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_INRGBP
Open High Low INRGBP Price Change
0.01023111 0.01024343 0.01022652 0.01022819 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for INRGBP

long term down The long-term trend has been DOWN since Jul 28th, 2020 at 0.01031355

intermediate term down The intermediate-term trend has been DOWN since Jul 12th, 2020 at 0.01048522

short term up The short-term trend has been UP since Aug 10th, 2020 at 0.01024225

Smart Scan Analysis for INRGBP

Based on our trend formula, INRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for INRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01023111 0.01024343 0.01022652 0.01022819 -0.00000300
Prev. Close Volume Bid Ask Time
0.01023111 0.01022799 0.01022840 2020-08-14 03:43:20
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