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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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
82.60250 82.70450 82.56100 82.65535 +0.05285
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term up The long-term trend has been UP since May 9th, 2022 at 77.44875

intermediate term down The intermediate-term trend has been DOWN since Mar 3rd, 2023 at 82.16265

short term up The short-term trend has been UP since Mar 13th, 2023 at 82.22800

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).

+75
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
82.60250 82.70450 82.56100 82.65535 +0.05285
Prev. Close Volume Bid Ask Time
82.60250 2023-03-21 10:57:57
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