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.
MarketClub’s Trade Triangles for USDINR
The long-term trend has been UP since May 9th, 2022 at 77.44875
The intermediate-term trend has been DOWN since Jul 31st, 2022 at 79.15455
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).