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Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
US Dollar/Indian Rupee (FOREX:USDINR)
Sidelines Mode (+55) - USDINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for USDINR
The long-term trend has been UP since Apr 7th, 2021 at 74.20460
The intermediate-term trend has been UP since Feb 26th, 2021 at 73.32500
The short-term trend has been DOWN since Apr 16th, 2021 at 74.69505
Smart Scan Analysis for USDINR
Based on our trend formula, USDINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 73.49150 | 73.78465 | 73.28450 | 73.37385 | -0.11765 |
| Prev. Close | Volume | Bid | Ask | Time |
| 73.49150 | 2021-05-11 16:42:53 |