Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Euro/Indian Rupee (FOREX:EURINR)
Bull Market Weakness (+75) - EURINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURINR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for EURINR
The long-term trend has been UP since Apr 19th, 2021 at 90.321
The intermediate-term trend has been UP since Apr 6th, 2021 at 86.997
The short-term trend has been UP since Apr 19th, 2021 at 90.208
Smart Scan Analysis for EURINR
Based on our trend formula, EURINR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).