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Forex Trend Analysis Report

Prepared for you on Tuesday, May 11, 2021.

US Dollar/Indian Rupee (FOREX:USDINR)

Sidelines Mode (+55) - USDINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
73.49150 73.78465 73.28450 73.37385 -0.11765
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term up The long-term trend has been UP since Apr 7th, 2021 at 74.20460

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2021 at 73.32500

short term down The short-term trend has been DOWN since Apr 16th, 2021 at 74.69505

Smart Scan Analysis for USDINR

Based on our trend formula, USDINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.49150 73.78465 73.28450 73.37385 -0.11765
Prev. Close Volume Bid Ask Time
73.49150 2021-05-11 16:42:53
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