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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.
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MarketClub’s Trade Triangles for USDINR
The long-term trend has been DOWN since Jan 20th, 2020 at 70.49750
The intermediate-term trend has been UP since Feb 19th, 2020 at 71.84500
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).
| 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 |