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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

South Korean Won/Indian Rupee (FOREX:KRWINR)

Bear Market Rally (-75) - KRWINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWINR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid KRWINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for KRWINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_KRWINR
Open High Low KRWINR Price Change
0.05966904 0.05995002 0.05966904 0.05993054 +0.00026100
Entry Signal

MarketClub’s Trade Triangles for KRWINR

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.06159925

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.06198468

short term up The short-term trend has been UP since Apr 10th, 2024 at 0.06175043

Smart Scan Analysis for KRWINR

Based on our trend formula, KRWINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for KRWINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05966904 0.05995002 0.05966904 0.05993054 +0.00026100
Prev. Close Volume Bid Ask Time
0.05966904 2024-04-16 04:00:39
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