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.
MarketClub’s Trade Triangles for INRUSD
The long-term trend has been DOWN since Apr 7th, 2021 at 0.01347580
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.01350894
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).