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.
MarketClub’s Trade Triangles for AUDINR
The long-term trend has been UP since Nov 27th, 2023 at 55.104410
The intermediate-term trend has been UP since Nov 3rd, 2023 at 53.630980
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).