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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Euro/Indian Rupee (FOREX:EURINR)

Countertrend Down (-85) - EURINR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
89.201 89.283 88.915 88.932 -0.269
Entry Signal

MarketClub’s Trade Triangles for EURINR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 88.812

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 89.856

short term up The short-term trend has been UP since Apr 17th, 2024 at 89.066

Smart Scan Analysis for EURINR

Based on our trend formula, EURINR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89.201 89.283 88.915 88.932 -0.269
Prev. Close Volume Bid Ask Time
89.201 2024-04-18 19:25:35
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