Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
Indian Rupee/Australian Dollar (FOREX:INRAUD)
Countertrend Down (-85) - INRAUD 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 INRAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRAUD
The long-term trend has been DOWN since Nov 16th, 2020 at 0.01837118
The intermediate-term trend has been DOWN since Apr 8th, 2021 at 0.01758090
The short-term trend has been UP since Apr 6th, 2021 at 0.01793132
Smart Scan Analysis for INRAUD
Based on our trend formula, INRAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).