Forex Trend Analysis Report
Prepared for you on Tuesday, October 15, 2019.
US Dollar/Nepalese Rupee (FOREX:USDNPR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 USDNPR
The long term trend has been UP since Aug 7th, 2019 at 112.765
The intermediate term trend has been DOWN since Sep 13th, 2019 at 113.485
The short term trend has been DOWN since Sep 27th, 2019 at 113.335
Smart Scan Analysis for USDNPR
Based on a pre-defined weighted trend formula for chart analysis, USDNPR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).