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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Indian Rupee/Euro (FOREX:INREUR)

Countertrend Up (+85) - INREUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_INREUR
Open High Low INREUR Price Change
0.01125658 0.01126330 0.01123029 0.01124557 -0.00001100
Entry Signal

MarketClub’s Trade Triangles for INREUR

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.01125975

intermediate term up The intermediate-term trend has been UP since Apr 2nd, 2024 at 0.01112893

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 0.01120311

Smart Scan Analysis for INREUR

Based on our trend formula, INREUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for INREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01125658 0.01126330 0.01123029 0.01124557 -0.00001100
Prev. Close Volume Bid Ask Time
0.01125658 2024-04-19 11:54:25
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