Index Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
ELEMENTS INR/USD EXCHANGE RATE ETN GRIP (CME:INRIV)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Mar 1st, 2018 at 41.949
The intermediate term trend has been DOWN since Apr 16th, 2018 at 42.200
The short term trend has been DOWN since Apr 11th, 2018 at 42.442
Smart Scan Analysis for INRIV
Based on a pre-defined weighted trend formula for chart analysis, INRIV scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||382.797||52wk High Date||2017-09-26|
|52wk Low||40.682||52wk Low Date||2017-05-18|