Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Indian Rupee/South Korean Won (FOREX:INRKRW)
Sidelines Mode (-55) - INRKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid INRKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRKRW
The long-term trend has been DOWN since Jun 12th, 2023 at 15.495156
The intermediate-term trend has been DOWN since Sep 11th, 2023 at 15.893470
The short-term trend has been UP since Sep 20th, 2023 at 16.000520
Smart Scan Analysis for INRKRW
Based on our trend formula, INRKRW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).