Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Indian Rupee/South Korean Won (FOREX:INRKRW)

Countertrend Up (+85) - INRKRW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
16.441445 16.468602 16.429388 16.452594 +0.011149
Entry Signal

MarketClub’s Trade Triangles for INRKRW

long term up The long-term trend has been UP since Apr 1st, 2024 at 16.232081

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 16.134285

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 16.512232

Smart Scan Analysis for INRKRW

Based on our trend formula, INRKRW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for INRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.441445 16.468602 16.429388 16.452594 +0.011149
Prev. Close Volume Bid Ask Time
16.441445 2024-04-18 04:35:03
Get a free daily analysis and signals for Indian Rupee/South Korean Won (INRKRW) - Request Your Free Report.