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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for INRKRW
The long-term trend has been UP since Nov 5th, 2024 at 16.558792
The intermediate-term trend has been UP since Oct 4th, 2024 at 16.054147
The short-term trend has been DOWN since Nov 15th, 2024 at 16.536534
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16.470654 | 16.532507 | 16.456298 | 16.521273 | +0.050619 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16.470654 | 2024-11-20 03:44:06 |