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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.

FOREX_INRUSD
Open High Low INRUSD Price Change
0.01258170 0.01258606 0.01253596 0.01255600 -0.00002600
Entry Signal

MarketClub’s Trade Triangles for INRUSD

long term down The long-term trend has been DOWN since May 9th, 2022 at 0.01291178

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 0.01264159

short term down 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).

-75
Smart Scan Analysis for INRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01258170 0.01258606 0.01253596 0.01255600 -0.00002600
Prev. Close Volume Bid Ask Time
0.01258170 2022-08-08 15:31:13
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