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Forex Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
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.
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MarketClub’s Trade Triangles for USDINR
The long-term trend has been DOWN since Sep 12th, 2023 at 81.66575
The intermediate-term trend has been UP since Sep 18th, 2023 at 83.51955
The short-term trend has been UP since Oct 2nd, 2023 at 83.33550
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 83.2355 | 83.2845 | 83.2274 | 83.2405 | +0.0050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 83.2355 | 2023-10-04 03:33:47 |