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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Indian Rupee/US Dollar (FOREX:INRUSD)

Strong Downtrend (-100) - INRUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, INRUSD continues to fall. 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.

FOREX_INRUSD
Open High Low INRUSD Price Change
0.01197027 0.01197085 0.01196917 0.01196990 0.00000000
Entry Signal

MarketClub’s Trade Triangles for INRUSD

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 0.01195276

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.01195906

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 0.01196938

Smart Scan Analysis for INRUSD

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

-100
Smart Scan Analysis for INRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01197027 0.01197085 0.01196917 0.01196990 0.00000000
Prev. Close Volume Bid Ask Time
0.01197027 2024-07-15 00:14:17
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