Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Euro/Indian Rupee (FOREX:EURINR)
Sidelines Mode (-55) - EURINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 DOWN since Dec 28th, 2021 at 84.727
The short-term trend has been UP since Jan 12th, 2022 at 84.088
Smart Scan Analysis for EURINR
Based on our trend formula, EURINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).