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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.

FOREX_INRSEK
Open High Low INRSEK Price Change
0.12523946 0.12580307 0.12506833 0.12556367 +0.00032400
Entry Signal

MarketClub’s Trade Triangles for INRSEK

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 0.12706514

intermediate term down The intermediate-term trend has been DOWN since Oct 25th, 2022 at 0.13295706

short term down 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).

-90
Smart Scan Analysis for INRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12523946 0.12580307 0.12506833 0.12556367 +0.00032400
Prev. Close Volume Bid Ask Time
0.12523946 2022-12-09 08:11:00
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