Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 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.

FOREX_INRUSD
Open High Low INRUSD Price Change
0.01172984 0.01173105 0.01172207 0.01172907 -0.00000100
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 Sep 25th, 2024 at 0.01185655

short term down The short-term trend has been DOWN since Dec 9th, 2024 at 0.01178814

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).

-90
Smart Scan Analysis for INRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01172984 0.01173105 0.01172207 0.01172907 -0.00000100
Prev. Close Volume Bid Ask Time
0.01172984 2024-12-26 07:09:20
Get a free daily analysis and signals for Indian Rupee/US Dollar (INRUSD) - Request Your Free Report.