Forex Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
Indian Rupee/Euro (FOREX:INREUR)
Crossroads (+60) - INREUR is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Apr 19th, 2021 at 0.01107163
The intermediate-term trend has been UP since May 4th, 2021 at 0.01125278
The short-term trend has been UP since May 13th, 2021 at 0.01127041
Smart Scan Analysis for INREUR
Based on our trend formula, INREUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).