Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Indian Rupee/Australian Dollar (FOREX:INRAUD)
Long-Term Downtrend (-90) - INRAUD is in a strong downtrend that is likely to continue. While INRAUD 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 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 27th, 2023 at 0.01814526
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.01865188
The short-term trend has been DOWN since Dec 8th, 2023 at 0.01812718
Smart Scan Analysis for INRAUD
Based on our trend formula, INRAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).