Forex Trend Analysis Report
Prepared for you on Tuesday, January 25, 2022.
US Dollar/Nepalese Rupee (FOREX:USDNPR)
Bear Market Rally (-75) - USDNPR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDNPR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDNPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNPR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDNPR
The long-term trend has been DOWN since Jan 13th, 2022 at 118.26122
The intermediate-term trend has been DOWN since Dec 28th, 2021 at 120.38805
The short-term trend has been UP since Jan 17th, 2022 at 118.40992
Smart Scan Analysis for USDNPR
Based on our trend formula, USDNPR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).