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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.

FOREX_USDINR
Open High Low USDINR Price Change
76.03850 76.60755 75.97000 76.28750 +0.24900
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term up The long-term trend has been UP since Feb 28th, 2020 at 72.570

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2020 at 71.845

short term up 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).

+90
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
76.03850 76.60755 75.97000 76.28750 +0.24900
Prev. Close Volume Bid Ask Time
76.03850 76.28700 76.28800 2020-04-09 07:31:43
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