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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Euro/Indian Rupee (FOREX:EURINR)

Crossroads (+60) - EURINR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_EURINR
Open High Low EURINR Price Change
87.042 87.145 86.904 87.037 -0.005
Entry Signal

MarketClub’s Trade Triangles for EURINR

long term down The long-term trend has been DOWN since Aug 6th, 2021 at 87.524

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2021 at 86.978

short term up The short-term trend has been UP since Oct 4th, 2021 at 86.325

Smart Scan Analysis for EURINR

Based on our trend formula, EURINR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
87.042 87.145 86.904 87.037 -0.005
Prev. Close Volume Bid Ask Time
87.037 2021-10-15 19:57:40
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