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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
Euro/Indian Rupee (FOREX:EURINR)
Bear Market Rally (-75) - EURINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURINR as it may be in the beginning of a reversal.
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 Apr 12th, 2024 at 88.812
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 89.856
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 -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 88.8794 | 88.8794 | 88.8794 | 88.8794 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 88.8794 | 2024-04-20 05:38:12 |