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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

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
83.605 83.605 83.605 83.605 0.000
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long-term trend has been DOWN since Sep 12th, 2023 at 81.66575

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 83.18235

short term up The short-term trend has been UP since Apr 12th, 2024 at 83.49485

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
83.605 83.605 83.605 83.605 0.000
Prev. Close Volume Bid Ask Time
83.605 2024-04-13 04:17:48
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