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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for USDINR
The long-term trend has been UP since Jun 4th, 2024 at 83.8991
The intermediate-term trend has been UP since Sep 25th, 2024 at 84.4085
The short-term trend has been DOWN since Nov 18th, 2024 at 84.3802
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 84.39495 | 84.40050 | 84.37175 | 84.38115 | -0.01380 |
| Prev. Close | Volume | Bid | Ask | Time |
| 84.39495 | 2024-11-20 03:24:27 |