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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.

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FOREX_INRSGD
Open High Low INRSGD Price Change
0.01788210 0.01796881 0.01787511 0.01796199 +0.00008000
Entry Signal

MarketClub’s Trade Triangles for INRSGD

long term down The long-term trend has been DOWN since Oct 11th, 2021 at 0.01801081

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.01820341

short term down 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).

-90
Smart Scan Analysis for INRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01788210 0.01796881 0.01787511 0.01796199 +0.00008000
Prev. Close Volume Bid Ask Time
0.01788210 2021-10-20 05:59:11
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