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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Indian Rupee/British Pound (FOREX:INRGBP)

Sidelines Mode (+55) - INRGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.00942030 0.00945404 0.00939407 0.00944860 +0.00002800
Entry Signal

MarketClub’s Trade Triangles for INRGBP

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.00961780

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.00949964

short term up The short-term trend has been UP since May 29th, 2024 at 0.00945328

Smart Scan Analysis for INRGBP

Based on our trend formula, INRGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for INRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00942030 0.00945404 0.00939407 0.00944860 +0.00002800
Prev. Close Volume Bid Ask Time
0.00942030 2024-05-29 23:09:02
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