Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Indian Rupee/Singapore Dollar (FOREX:INRSGD)
Long-Term Downtrend (-90) - INRSGD is in a strong downtrend that is likely to continue. While INRSGD 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 INRSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRSGD
The long-term trend has been DOWN since Oct 11th, 2021 at 0.01801081
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.01820341
The short-term trend has been DOWN since Oct 1st, 2021 at 0.01827453
Smart Scan Analysis for INRSGD
Based on our trend formula, INRSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).