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.
MarketClub’s Trade Triangles for USDINR
The long-term trend has been UP since Apr 7th, 2021 at 74.2046
The intermediate-term trend has been UP since Sep 28th, 2021 at 74.1550
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).