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Forex Trend Analysis Report

Prepared for you on Wednesday, April 8, 2020.

Indian Rupee/South Korean Won (FOREX:INRKRW)

Long-Term Downtrend (-90) - INRKRW is in a strong downtrend that is likely to continue. While INRKRW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_INRKRW
Open High Low INRKRW Price Change
16.078279 16.098278 15.762025 15.799727 -0.278552
Entry Signal

MarketClub’s Trade Triangles for INRKRW

long term down The long-term trend has been DOWN since Mar 24th, 2020 at 15.908973

intermediate term down The intermediate-term trend has been DOWN since Mar 24th, 2020 at 15.908973

short term down The short-term trend has been DOWN since Mar 20th, 2020 at 16.486682

Smart Scan Analysis for INRKRW

Based on our trend formula, INRKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for INRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.078279 16.098278 15.762025 15.799727 -0.278552
Prev. Close Volume Bid Ask Time
16.078279 15.799662 15.799792 2020-04-08 21:43:54
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