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.
MarketClub’s Trade Triangles for INRGBP
The long-term trend has been DOWN since Jul 28th, 2020 at 0.01031355
The intermediate-term trend has been DOWN since Jul 12th, 2020 at 0.01048522
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).