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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

US Dollar/Indian Rupee (FOREX:USDINR)

Bull Market Weakness (+75) - USDINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDINR as it may be in the beginning stages of a reversal.

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
74.82750 75.25750 74.68610 74.99385 +0.16635
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term up The long-term trend has been UP since Apr 7th, 2021 at 74.2046

intermediate term up The intermediate-term trend has been UP since Sep 28th, 2021 at 74.1550

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 74.6870

Smart Scan Analysis for USDINR

Based on our trend formula, USDINR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.82750 75.25750 74.68610 74.99385 +0.16635
Prev. Close Volume Bid Ask Time
74.82750 2021-10-22 19:17:32
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