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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.

FOREX_USDINR
Open High Low USDINR Price Change
74.52220 74.55350 74.29150 74.42045 -0.10175
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long-term trend has been DOWN since Jan 11th, 2022 at 73.8293

intermediate term down The intermediate-term trend has been DOWN since Dec 26th, 2021 at 74.9743

short term down 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).

-70
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.52220 74.55350 74.29150 74.42045 -0.10175
Prev. Close Volume Bid Ask Time
74.42045 2022-01-21 18:47:38
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