Forex Trend Analysis Report
Prepared for you on Saturday, April 10, 2021.
Indian Rupee/US Dollar (FOREX:INRUSD)
Long-Term Downtrend (-90) - INRUSD is in a strong downtrend that is likely to continue. While INRUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Feb 26th, 2021 at 0.01363790
The short-term trend has been DOWN since Mar 23rd, 2021 at 0.01369836
Smart Scan Analysis for INRUSD
Based on our trend formula, INRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).