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Forex Trend Analysis Report

Prepared for you on Saturday, February 27, 2021.

US Dollar/Indian Rupee (FOREX:USDINR)

Crossroads (+60) - USDINR is struggling to move into a solid trend. Beware of choppy markets 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
73.5964 73.5964 73.5964 73.5964 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long-term trend has been DOWN since Jul 2nd, 2020 at 74.82000

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

short term up The short-term trend has been UP since Feb 25th, 2021 at 72.62405

Smart Scan Analysis for USDINR

Based on our trend formula, USDINR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.5964 73.5964 73.5964 73.5964 0.0000
Prev. Close Volume Bid Ask Time
73.5964 2021-02-27 11:37:48
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