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Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

US Dollar/Indian Rupee (FOREX:USDINR)

Bear Market Rally (-75) - USDINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDINR as it may be in the beginning 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
83.51260 83.54405 83.35950 83.37040 -0.14220
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long-term trend has been DOWN since Sep 12th, 2023 at 81.66575

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 83.18235

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 83.47350

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
83.51260 83.54405 83.35950 83.37040 -0.14220
Prev. Close Volume Bid Ask Time
83.51260 2024-04-19 19:42:32
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