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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Euro/Indian Rupee (FOREX:EURINR)

Bull Market Weakness (+75) - EURINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURINR as it may be in the beginning stages 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.

FOREX_EURINR
Open High Low EURINR Price Change
88.604 89.004 88.604 88.730 +0.126
Entry Signal

MarketClub’s Trade Triangles for EURINR

long term up The long-term trend has been UP since Apr 19th, 2021 at 90.321

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2021 at 86.997

short term up The short-term trend has been UP since Apr 19th, 2021 at 90.208

Smart Scan Analysis for EURINR

Based on our trend formula, EURINR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for EURINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
88.604 89.004 88.604 88.730 +0.126
Prev. Close Volume Bid Ask Time
88.604 2021-05-06 14:57:44
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