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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

Indian Rupee/British Pound (FOREX:INRGBP)

Bear Market Rally (-75) - INRGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRGBP as it may be in the beginning of a reversal.

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
0.00976679 0.00979866 0.00974360 0.00975243 -0.00001400
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 Apr 5th, 2021 at 0.00982083

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 0.00963265

Smart Scan Analysis for INRGBP

Based on our trend formula, INRGBP is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for INRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00976679 0.00979866 0.00974360 0.00975243 -0.00001400
Prev. Close Volume Bid Ask Time
0.00976679 2021-05-07 15:06:03
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