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.
MarketClub’s Trade Triangles for EURINR
The long-term trend has been DOWN since Aug 6th, 2021 at 87.524
The intermediate-term trend has been UP since Oct 11th, 2021 at 86.978
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).