Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Indian Rupee/US Dollar (FOREX:INRUSD)
Bear Market Rally (-75) - INRUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRUSD as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for INRUSD
The long-term trend has been DOWN since Apr 15th, 2024 at 0.01195276
The intermediate-term trend has been DOWN since Sep 25th, 2024 at 0.01185655
The short-term trend has been UP since Nov 18th, 2024 at 0.01185112
Smart Scan Analysis for INRUSD
Based on our trend formula, INRUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01184905 | 0.01185231 | 0.01184729 | 0.01185111 | +0.00000200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01184905 | 2024-11-20 03:42:12 |