Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Indian Rupee/Euro (FOREX:INREUR)
Sidelines Mode (-55) - INREUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid INREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for INREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INREUR
The long-term trend has been UP since Aug 6th, 2021 at 0.01142623
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.01149717
The short-term trend has been UP since Oct 26th, 2021 at 0.01150683
Smart Scan Analysis for INREUR
Based on our trend formula, INREUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).