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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.

FOREX_INRUSD
Open High Low INRUSD Price Change
0.01211380 0.01212540 0.01211051 0.01211732 +0.00000400
Entry Signal

MarketClub’s Trade Triangles for INRUSD

long term up The long-term trend has been UP since Mar 1st, 2023 at 0.01236322

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2023 at 0.01215571

short term down 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).

+60
Smart Scan Analysis for INRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01211380 0.01212540 0.01211051 0.01211732 +0.00000400
Prev. Close Volume Bid Ask Time
0.01211380 2023-06-07 04:51:45
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