Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Indian Rupee (FOREX:USDINR)

Bull Market Weakness (+75) - USDINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDINR as it may be in the beginning stages 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.

FOREX_USDINR
Open High Low USDINR Price Change
82.95050 83.03890 82.92950 83.03555 +0.08505
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long-term trend has been DOWN since Sep 12th, 2023 at 81.66575

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 83.18235

short term up The short-term trend has been UP since Mar 7th, 2024 at 83.01845

Smart Scan Analysis for USDINR

Based on our trend formula, USDINR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
82.95050 83.03890 82.92950 83.03555 +0.08505
Prev. Close Volume Bid Ask Time
82.95050 2024-03-19 05:49:22
Get a free daily analysis and signals for US Dollar/Indian Rupee (USDINR) - Request Your Free Report.