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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.

FOREX_INRSEK
Open High Low INRSEK Price Change
0.13304030 0.13385895 0.13260086 0.13323766 +0.00019700
Entry Signal

MarketClub’s Trade Triangles for INRSEK

long term up The long-term trend has been UP since May 30th, 2023 at 0.13137839

intermediate term down The intermediate-term trend has been DOWN since Sep 26th, 2023 at 0.13204335

short term up 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).

-55
Smart Scan Analysis for INRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13304030 0.13385895 0.13260086 0.13323766 +0.00019700
Prev. Close Volume Bid Ask Time
0.13304030 2023-10-03 17:47:50
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