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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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.

FOREX_USDINR
Open High Low USDINR Price Change
76.0500 76.1675 75.8025 75.8750 -0.1750
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term up The long-term trend has been UP since Feb 28th, 2020 at 72.57000

intermediate term down The intermediate-term trend has been DOWN since Apr 29th, 2020 at 75.25250

short term up The short-term trend has been UP since May 22nd, 2020 at 76.02505

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
76.0500 76.1675 75.8025 75.8750 -0.1750
Prev. Close Volume Bid Ask Time
76.0500 75.8375 75.9125 2020-05-25 14:48:25
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