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.
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 Apr 5th, 2021 at 0.00982083
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).