Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
US Dollar/Indian Rupee (FOREX:USDINR)
Long-Term Uptrend (+90) - USDINR is in a strong uptrend that is likely to continue. While USDINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Feb 28th, 2020 at 72.570
The intermediate-term trend has been UP since Feb 19th, 2020 at 71.845
The short-term trend has been UP since Apr 8th, 2020 at 77.400
Smart Scan Analysis for USDINR
Based on our trend formula, USDINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).