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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Australian Dollar/Indian Rupee (FOREX:AUDINR)

Long-Term Uptrend (+90) - AUDINR is in a strong uptrend that is likely to continue. While AUDINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid AUDINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDINR
Open High Low AUDINR Price Change
55.709918 55.710405 55.147122 55.204938 -0.504980
Entry Signal

MarketClub’s Trade Triangles for AUDINR

long term up The long-term trend has been UP since Nov 27th, 2023 at 55.104410

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 53.630980

short term up The short-term trend has been UP since Nov 14th, 2023 at 53.186715

Smart Scan Analysis for AUDINR

Based on our trend formula, AUDINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for AUDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.709918 55.710405 55.147122 55.204938 -0.504980
Prev. Close Volume Bid Ask Time
55.709918 2023-12-04 11:58:45
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