Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
US Dollar/Nepalese Rupee (FOREX:USDNPR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Dec 2nd, 2018 at 113.170
The intermediate term trend has been DOWN since Feb 12th, 2019 at 113.320
The short term trend has been DOWN since Feb 25th, 2019 at 113.535
Smart Scan Analysis for USDNPR
Based on a pre-defined weighted trend formula for chart analysis, USDNPR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).