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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Nepalese Rupee/US Dollar (FOREX:NPRUSD)

Crossroads (+60) - NPRUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NPRUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NPRUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NPRUSD
Open High Low NPRUSD Price Change
0.00749924 0.00750193 0.00749924 0.00750193 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for NPRUSD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 0.00743918

intermediate term up The intermediate-term trend has been UP since Apr 23rd, 2024 at 0.00752393

short term up The short-term trend has been UP since May 19th, 2024 at 0.00750539

Smart Scan Analysis for NPRUSD

Based on our trend formula, NPRUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NPRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00749924 0.00750193 0.00749924 0.00750193 +0.00000300
Prev. Close Volume Bid Ask Time
0.00749946 2024-05-21 21:51:52
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