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Forex Trend Analysis Report

Prepared for you on Wednesday, August 12, 2020.

US Dollar/Indian Rupee (FOREX:USDINR)

Strong Downtrend (-100) - USDINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
74.7175 75.0125 74.6648 74.7711 +0.0536
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long-term trend has been DOWN since Jul 2nd, 2020 at 74.8200

intermediate term down The intermediate-term trend has been DOWN since Jul 2nd, 2020 at 75.3925

short term down The short-term trend has been DOWN since Aug 5th, 2020 at 74.8775

Smart Scan Analysis for USDINR

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

-100
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.7175 75.0125 74.6648 74.7711 +0.0536
Prev. Close Volume Bid Ask Time
74.7175 74.7729 74.7693 2020-08-12 19:45:52
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