Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
Indian Rupee/Pakistani Rupee (FOREX:INRPKR)
Long-Term Downtrend (-90) - INRPKR is in a strong downtrend that is likely to continue. While INRPKR 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 INRPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRPKR
The long-term trend has been DOWN since Oct 17th, 2023 at 3.3456251
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 3.3673105
The short-term trend has been DOWN since Nov 21st, 2023 at 3.4631538
Smart Scan Analysis for INRPKR
Based on our trend formula, INRPKR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).