Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Indian Rupee/Euro (FOREX:INREUR)
Bear Market Rally (-75) - INREUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INREUR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid INREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for INREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INREUR
The long-term trend has been DOWN since Mar 2nd, 2020 at 0.01239420
The intermediate-term trend has been DOWN since May 19th, 2020 at 0.01205459
The short-term trend has been UP since May 25th, 2020 at 0.01210113
Smart Scan Analysis for INREUR
Based on our trend formula, INREUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).