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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Indian Rupee/Swedish Krona (FOREX:INRSEK)

Long-Term Uptrend (+90) - INRSEK is in a strong uptrend that is likely to continue. While INRSEK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.13062054 0.13206156 0.13037001 0.13181711 +0.00119700
Entry Signal

MarketClub’s Trade Triangles for INRSEK

long term up The long-term trend has been UP since Nov 16th, 2021 at 0.11906736

intermediate term up The intermediate-term trend has been UP since Aug 16th, 2022 at 0.13058586

short term up The short-term trend has been UP since Aug 12th, 2022 at 0.12811259

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
0.13062054 0.13206156 0.13037001 0.13181711 +0.00119700
Prev. Close Volume Bid Ask Time
0.13062054 2022-08-18 23:10:48
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