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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Euro/Indian Rupee (FOREX:EURINR)

Countertrend Down (-85) - EURINR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
88.571 88.571 88.571 88.571 0.000
Entry Signal

MarketClub’s Trade Triangles for EURINR

long term down The long-term trend has been DOWN since Nov 6th, 2024 at 90.251

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2024 at 90.503

short term up The short-term trend has been UP since Dec 23rd, 2024 at 88.756

Smart Scan Analysis for EURINR

Based on our trend formula, EURINR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
88.571 88.571 88.571 88.571 0.000
Prev. Close Volume Bid Ask Time
88.571 2024-12-26 04:39:42
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