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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Indian Rupee/Swedish Krona (FOREX:INRSEK)

Strong Downtrend (-100) - INRSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, INRSEK continues to fall. 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
0.12514058 0.12527619 0.12479754 0.12491916 -0.00022100
Entry Signal

MarketClub’s Trade Triangles for INRSEK

long term down The long-term trend has been DOWN since Jun 4th, 2024 at 0.12271041

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 0.12882818

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 0.12530952

Smart Scan Analysis for INRSEK

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

-100
Smart Scan Analysis for INRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12514058 0.12527619 0.12479754 0.12491916 -0.00022100
Prev. Close Volume Bid Ask Time
0.12514058 2024-06-19 07:43:25
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