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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.
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MarketClub’s Trade Triangles for EURINR
The long-term trend has been DOWN since Feb 5th, 2020 at 78.283
The intermediate-term trend has been DOWN since Jan 10th, 2020 at 78.674
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).
| 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 |