Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Indian Rupee/Swedish Krona (FOREX:INRSEK)
Sidelines Mode (-55) - INRSEK 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 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.
MarketClub’s Trade Triangles for INRSEK
The long-term trend has been UP since May 30th, 2023 at 0.13137839
The intermediate-term trend has been DOWN since Sep 26th, 2023 at 0.13204335
The short-term trend has been UP since Oct 3rd, 2023 at 0.13316064
Smart Scan Analysis for INRSEK
Based on our trend formula, INRSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).