Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

Indian Rupee/Swedish Krona (FOREX:INRSEK)

Countertrend Down (-85) - INRSEK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.11648848 0.11702220 0.11605153 0.11666157 +0.00017300
Entry Signal

MarketClub’s Trade Triangles for INRSEK

long term down The long-term trend has been DOWN since May 28th, 2020 at 0.12578380

intermediate term down The intermediate-term trend has been DOWN since Jul 13th, 2020 at 0.12193446

short term up The short-term trend has been UP since Aug 7th, 2020 at 0.11687532

Smart Scan Analysis for INRSEK

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

-85
Smart Scan Analysis for INRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11648848 0.11702220 0.11605153 0.11666157 +0.00017300
Prev. Close Volume Bid Ask Time
0.11648848 0.11660503 0.11671812 2020-08-07 17:30:35
Get a free daily analysis and signals for Indian Rupee/Swedish Krona (INRSEK) - Request Your Free Report.