Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
US Dollar/Nepalese Rupee (FOREX:USDNPR)
Countertrend Up (+85) - USDNPR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Aug 7th, 2019 at 112.76500
The intermediate-term trend has been UP since Feb 10th, 2020 at 114.31877
The short-term trend has been UP since Feb 10th, 2020 at 114.07047
Smart Scan Analysis for USDNPR
Based on our trend formula, USDNPR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).