Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
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.
MarketClub’s Trade Triangles for INRUSD
The long-term trend has been DOWN since May 9th, 2022 at 0.01291178
The intermediate-term trend has been UP since Aug 1st, 2022 at 0.01264159
The short-term trend has been DOWN since Aug 4th, 2022 at 0.01259565
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).