Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
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 UP since Aug 11th, 2021 at 15.548190
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 15.855621
The short-term trend has been UP since Oct 21st, 2021 at 15.782079
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).