Index Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
ELEMENTS INR/USD EXCHANGE RATE ETN GRIP (CME:INRIV)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Sep 27th, 2017 at 40.972
The intermediate term trend has been DOWN since Sep 26th, 2017 at 41.098
The short term trend has been DOWN since Oct 18th, 2017 at 41.466
Smart Scan Analysis for INRIV
Based on a pre-defined weighted trend formula for chart analysis, INRIV scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||382.797||52wk High Date||2017-09-26|
|52wk Low||36.719||52wk Low Date||2016-11-17|