Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Indian Rupee/US Dollar (FOREX:INRUSD)

Countertrend Down (-85) - INRUSD 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 INRUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for INRUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_INRUSD
Open High Low INRUSD Price Change
0.01336443 0.01339199 0.01334570 0.01335148 -0.00001300
Entry Signal

MarketClub’s Trade Triangles for INRUSD

long term down The long-term trend has been DOWN since Apr 7th, 2021 at 0.01347580

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.01350894

short term up The short-term trend has been UP since Oct 20th, 2021 at 0.01335399

Smart Scan Analysis for INRUSD

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

-85
Smart Scan Analysis for INRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01336443 0.01339199 0.01334570 0.01335148 -0.00001300
Prev. Close Volume Bid Ask Time
0.01336443 2021-10-22 11:02:04
Get a free daily analysis and signals for Indian Rupee/US Dollar (INRUSD) - Request Your Free Report.