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.
MarketClub’s Trade Triangles for INRSEK
The long-term trend has been DOWN since May 28th, 2020 at 0.12578380
The intermediate-term trend has been DOWN since Apr 16th, 2020 at 0.13005143
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).