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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Indian Rupee/Swedish Krona (FOREX:INRSEK)

Long-Term Downtrend (-90) - INRSEK is in a strong downtrend that is likely to continue. While INRSEK 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 INRSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for INRSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_INRSEK
Open High Low INRSEK Price Change
0.12404399 0.12438914 0.12382124 0.12435092 +0.00030700
Entry Signal

MarketClub’s Trade Triangles for INRSEK

long term down The long-term trend has been DOWN since May 28th, 2020 at 0.12578380

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2020 at 0.13005143

short term down The short-term trend has been DOWN since May 27th, 2020 at 0.12709369

Smart Scan Analysis for INRSEK

Based on our trend formula, INRSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for INRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12404399 0.12438914 0.12382124 0.12435092 +0.00030700
Prev. Close Volume Bid Ask Time
0.12404399 0.12432710 0.12437473 2020-06-02 05:44:09
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