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.
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 DOWN since Jul 13th, 2020 at 0.12193446
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).