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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Indian Rupee/South Korean Won (FOREX:INRKRW)

Bull Market Weakness (+75) - INRKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INRKRW as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid INRKRW?

MarketClub looks at technical strength and momentum to determine if the timing is right for INRKRW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_INRKRW
Open High Low INRKRW Price Change
16.432273 16.442236 16.369329 16.393658 -0.038615
Entry Signal

MarketClub’s Trade Triangles for INRKRW

long term up The long-term trend has been UP since Apr 1st, 2024 at 16.232081

intermediate term down The intermediate-term trend has been DOWN since May 3rd, 2024 at 16.192665

short term up The short-term trend has been UP since May 20th, 2024 at 16.306391

Smart Scan Analysis for INRKRW

Based on our trend formula, INRKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for INRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.432273 16.442236 16.369329 16.393658 -0.038615
Prev. Close Volume Bid Ask Time
16.432273 2024-05-27 08:59:37
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