Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Euro/Indian Rupee (FOREX:EURINR)
Long-Term Uptrend (+90) - EURINR is in a strong uptrend that is likely to continue. While EURINR 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 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 Oct 27th, 2022 at 82.816
The intermediate-term trend has been UP since Mar 14th, 2023 at 88.540
The short-term trend has been UP since Mar 28th, 2023 at 89.126
Smart Scan Analysis for EURINR
Based on our trend formula, EURINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).