Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Nepalese Rupee/US Dollar (FOREX:NPRUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NPRUSD
The long term trend has been UP since Dec 2nd, 2018 at 0.008838
The intermediate term trend has been UP since Feb 12th, 2019 at 0.008826
The short term trend has been DOWN since Feb 18th, 2019 at 0.008801
Smart Scan Analysis for NPRUSD
Based on a pre-defined weighted trend formula for chart analysis, NPRUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).