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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for EURINR
The long-term trend has been DOWN since Nov 6th, 2024 at 90.251
The intermediate-term trend has been DOWN since Nov 5th, 2024 at 90.503
The short-term trend has been UP since Nov 18th, 2024 at 89.411
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 89.414 | 89.416 | 89.151 | 89.151 | -0.263 |
| Prev. Close | Volume | Bid | Ask | Time |
| 89.414 | 2024-11-20 03:47:05 |