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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Indian Rupee/US Dollar (FOREX:INRUSD)
Long-Term Downtrend (-90) - INRUSD is in a strong downtrend that is likely to continue. While INRUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid INRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRUSD.
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 INRUSD
The long-term trend has been DOWN since Apr 15th, 2024 at 0.01195276
The intermediate-term trend has been DOWN since Mar 11th, 2024 at 0.01201353
The short-term trend has been DOWN since May 6th, 2024 at 0.01197064
Smart Scan Analysis for INRUSD
Based on our trend formula, INRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01198119 | 0.01198430 | 0.01196353 | 0.01197875 | -0.00000200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01198119 | 2024-05-09 09:36:04 |