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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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
0.01357267 0.01366494 0.01357174 0.01361983 +0.00004700
Entry Signal

MarketClub’s Trade Triangles for INRUSD

long term up The long-term trend has been UP since Jul 2nd, 2020 at 0.01336408

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.01363790

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.01375497

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
0.01357267 0.01366494 0.01357174 0.01361983 +0.00004700
Prev. Close Volume Bid Ask Time
0.01357267 2021-03-01 11:27:20
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