Forex Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
US Dollar/Indian Rupee (FOREX:USDINR)
Weak Downtrend (-65) - USDINR is showing signs of a strengthening downtrend. Monitor USDINR as it may be building momentum to the downside.
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 Jan 11th, 2022 at 73.8293
The intermediate-term trend has been DOWN since Dec 26th, 2021 at 74.9743
The short-term trend has been DOWN since Jan 21st, 2022 at 74.3075
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).