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Forex Trend Analysis Report

Prepared for you on Wednesday, February 19, 2020.

Euro/Indian Rupee (FOREX:EURINR)

Long-Term Downtrend (-90) - EURINR is in a strong downtrend that is likely to continue. While EURINR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_EURINR
Open High Low EURINR Price Change
77.291 77.540 77.142 77.446 +0.155
Entry Signal

MarketClub’s Trade Triangles for EURINR

long term down The long-term trend has been DOWN since Feb 5th, 2020 at 78.283

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2020 at 78.674

short term down The short-term trend has been DOWN since Feb 4th, 2020 at 78.587

Smart Scan Analysis for EURINR

Based on our trend formula, EURINR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
77.291 77.540 77.142 77.446 +0.155
Prev. Close Volume Bid Ask Time
77.291 77.366 77.526 2020-02-19 23:27:18
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