Free Daily Analysis

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.

FOREX_INRKRW
Open High Low INRKRW Price Change
16.121886 16.124443 16.046747 16.081833 -0.040053
Entry Signal

MarketClub’s Trade Triangles for INRKRW

long term down The long-term trend has been DOWN since Jun 12th, 2023 at 15.495156

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2023 at 15.893470

short term up 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).

-55
Smart Scan Analysis for INRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.121886 16.124443 16.046747 16.081833 -0.040053
Prev. Close Volume Bid Ask Time
16.121886 2023-09-22 12:20:04
Get a free daily analysis and signals for Indian Rupee/South Korean Won (INRKRW) - Request Your Free Report.