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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.

FOREX_INRUSD
Open High Low INRUSD Price Change
0.01324196 0.01326885 0.01321136 0.01324020 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for INRUSD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.01377981

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2020 at 0.01328860

short term up 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).

+60
Smart Scan Analysis for INRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01324196 0.01326885 0.01321136 0.01324020 -0.00000200
Prev. Close Volume Bid Ask Time
0.01324196 0.01323841 0.01324200 2020-06-04 04:32:44
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