Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
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 Mar 2nd, 2020 at 80.683
The intermediate-term trend has been UP since Feb 25th, 2021 at 88.546
The short-term trend has been UP since Feb 22nd, 2021 at 88.035
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).