Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Indian Rupee/Euro (FOREX:INREUR)
Countertrend Down (-85) - INREUR 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 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 Oct 27th, 2022 at 0.01207497
The intermediate-term trend has been DOWN since Mar 14th, 2023 at 0.01129434
The short-term trend has been UP since Mar 24th, 2023 at 0.01130149
Smart Scan Analysis for INREUR
Based on our trend formula, INREUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).