Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Indian Rupee/US Dollar (FOREX:INRUSD)
Weak Downtrend (-65) - INRUSD is showing signs of a strengthening downtrend. Monitor INRUSD as it may be building momentum to the downside.
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 UP since Sep 12th, 2023 at 0.01224556
The intermediate-term trend has been DOWN since Dec 4th, 2023 at 0.01196665
The short-term trend has been DOWN since Dec 4th, 2023 at 0.01198585
Smart Scan Analysis for INRUSD
Based on our trend formula, INRUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).