Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Indian Rupee/Swedish Krona (FOREX:INRSEK)
Bear Market Rally (-75) - INRSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRSEK as it may be in the beginning of a reversal.
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 May 28th, 2020 at 0.12578380
The intermediate-term trend has been UP since Jan 13th, 2021 at 0.11418157
The short-term trend has been DOWN since Feb 25th, 2021 at 0.11381510
Smart Scan Analysis for INRSEK
Based on our trend formula, INRSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).