Forex Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
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 UP since Mar 1st, 2023 at 0.01236322
The intermediate-term trend has been DOWN since May 14th, 2023 at 0.01215571
The short-term trend has been DOWN since Jun 5th, 2023 at 0.01211490
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).