Index Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
ELEMENTS INR/USD EXCHANGE RATE ETN GRIP (CME:INRIV)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for INRIV
The long term trend has been UP since Jan 3rd, 2018 at 42.639
The intermediate term trend has been UP since Nov 24th, 2017 at 41.924
The short term trend has been DOWN since Jan 16th, 2018 at 42.737
Smart Scan Analysis for INRIV
Based on a pre-defined weighted trend formula for chart analysis, INRIV scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||382.797||52wk High Date||2017-09-26|
|52wk Low||38.184||52wk Low Date||2017-01-23|