Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
US Dollar/Indian Rupee (FOREX:USDINR)
Strong Downtrend (-100) - USDINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for USDINR
The long-term trend has been DOWN since Jul 2nd, 2020 at 74.8200
The intermediate-term trend has been DOWN since Jul 2nd, 2020 at 75.3925
The short-term trend has been DOWN since Aug 5th, 2020 at 74.8775
Smart Scan Analysis for USDINR
Based on our trend formula, USDINR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).