Forex Trend Analysis Report
Prepared for you on Friday, December 9, 2022.
Indian Rupee/Swedish Krona (FOREX:INRSEK)
Long-Term Downtrend (-90) - INRSEK is in a strong downtrend that is likely to continue. While INRSEK 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 INRSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRSEK
The long-term trend has been DOWN since Dec 1st, 2022 at 0.12706514
The intermediate-term trend has been DOWN since Oct 25th, 2022 at 0.13295706
The short-term trend has been DOWN since Dec 1st, 2022 at 0.12706514
Smart Scan Analysis for INRSEK
Based on our trend formula, INRSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).