Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Indian Rupee/US Dollar (FOREX:INRUSD)
Strong Downtrend (-100) - INRUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid INRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRUSD
The long-term trend has been DOWN since Apr 7th, 2021 at 0.01347580
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.01350894
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.01329991
Smart Scan Analysis for INRUSD
Based on our trend formula, INRUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).