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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
US Dollar/Indian Rupee (FOREX:USDINR)
Bear Market Rally (-75) - USDINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDINR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDINR.
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 USDINR
The long-term trend has been DOWN since Sep 12th, 2023 at 81.66575
The intermediate-term trend has been UP since Mar 7th, 2024 at 83.18235
The short-term trend has been DOWN since Apr 19th, 2024 at 83.47350
Smart Scan Analysis for USDINR
Based on our trend formula, USDINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 83.28885 | 83.42065 | 83.26250 | 83.32935 | +0.04050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 83.28885 | 2024-04-24 22:19:41 |