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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

US Dollar/Indian Rupee (FOREX:USDINR)

Crossroads (+60) - USDINR is struggling to move into a solid trend. Beware of choppy markets 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
71.81105 72.37500 71.79750 71.84900 +0.03795
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long-term trend has been DOWN since Jan 20th, 2020 at 70.49750

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2020 at 71.84500

short term up The short-term trend has been UP since Feb 18th, 2020 at 71.65115

Smart Scan Analysis for USDINR

Based on our trend formula, USDINR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.81105 72.37500 71.79750 71.84900 +0.03795
Prev. Close Volume Bid Ask Time
71.81105 71.84750 71.85050 2020-02-24 23:18:05
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