Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
Indian Rupee/US Dollar (FOREX:INRUSD)
Crossroads (+60) - INRUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Feb 28th, 2020 at 0.01377981
The intermediate-term trend has been UP since Apr 29th, 2020 at 0.01328860
The short-term trend has been UP since May 26th, 2020 at 0.01322402
Smart Scan Analysis for INRUSD
Based on our trend formula, INRUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).