Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Euro/Indian Rupee (FOREX:EURINR)
Strong Uptrend (+100) - EURINR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURINR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid EURINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURINR
The long-term trend has been UP since Mar 2nd, 2020 at 80.683
The intermediate-term trend has been UP since Jul 14th, 2020 at 85.730
The short-term trend has been UP since Jul 22nd, 2020 at 86.079
Smart Scan Analysis for EURINR
Based on our trend formula, EURINR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).