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Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

US Dollar/Indian Rupee (FOREX:USDINR)

Sidelines Mode (+55) - USDINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_USDINR
Open High Low USDINR Price Change
79.52450 79.70755 79.41330 79.49505 -0.02945
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term up The long-term trend has been UP since May 9th, 2022 at 77.44875

intermediate term down The intermediate-term trend has been DOWN since Jul 31st, 2022 at 79.15455

short term up The short-term trend has been UP since Aug 4th, 2022 at 79.39250

Smart Scan Analysis for USDINR

Based on our trend formula, USDINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
79.52450 79.70755 79.41330 79.49505 -0.02945
Prev. Close Volume Bid Ask Time
79.52450 2022-08-10 04:54:59
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