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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
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.
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MarketClub’s Trade Triangles for INRUSD
The long-term trend has been DOWN since Apr 15th, 2024 at 0.01195276
The intermediate-term trend has been DOWN since Sep 25th, 2024 at 0.01185655
The short-term trend has been DOWN since Oct 21st, 2024 at 0.01189228
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01189437 | 0.01189563 | 0.01188540 | 0.01189049 | -0.00000400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01189437 | 2024-10-25 17:06:17 |