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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2024.

South Korean Won/Indian Rupee (FOREX:KRWINR)

Long-Term Downtrend (-90) - KRWINR is in a strong downtrend that is likely to continue. While KRWINR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid KRWINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for KRWINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_KRWINR
Open High Low KRWINR Price Change
0.05923626 0.05933762 0.05920722 0.05931445 +0.00007800
Entry Signal

MarketClub’s Trade Triangles for KRWINR

long term down The long-term trend has been DOWN since Nov 5th, 2024 at 0.06039388

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2024 at 0.06226869

short term down The short-term trend has been DOWN since Dec 1st, 2024 at 0.06041286

Smart Scan Analysis for KRWINR

Based on our trend formula, KRWINR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for KRWINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05923626 0.05933762 0.05920722 0.05931445 +0.00007800
Prev. Close Volume Bid Ask Time
0.05923626 2024-12-12 06:46:31
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