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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Indian Rupee/South Korean Won (FOREX:INRKRW)
Sidelines Mode (+55) - INRKRW 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 INRKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRKRW.
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 INRKRW
The long-term trend has been UP since Apr 1st, 2024 at 16.232081
The intermediate-term trend has been DOWN since May 3rd, 2024 at 16.192665
The short-term trend has been UP since May 7th, 2024 at 16.366442
Smart Scan Analysis for INRKRW
Based on our trend formula, INRKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16.380557 | 16.432014 | 16.338517 | 16.369880 | -0.010677 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16.380557 | 2024-05-09 14:21:31 |