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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Indian Rupee (FOREX:EURINR)
Sidelines Mode (+55) - EURINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURINR
The long-term trend has been DOWN since Apr 12th, 2024 at 88.812
The intermediate-term trend has been UP since May 6th, 2024 at 90.072
The short-term trend has been DOWN since May 8th, 2024 at 89.655
Smart Scan Analysis for EURINR
Based on our trend formula, EURINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 89.707 | 89.964 | 89.557 | 89.906 | +0.199 |
| Prev. Close | Volume | Bid | Ask | Time |
| 89.707 | 2024-05-09 12:12:31 |