Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Euro/Indian Rupee (FOREX:EURINR)
Weak Downtrend (-65) - EURINR is showing signs of a strengthening downtrend. Monitor EURINR as it may be building momentum to the downside.
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 DOWN since Aug 6th, 2021 at 87.524
The intermediate-term trend has been UP since Aug 11th, 2022 at 82.115
The short-term trend has been DOWN since Aug 15th, 2022 at 81.522
Smart Scan Analysis for EURINR
Based on our trend formula, EURINR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).