Forex Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
Australian Dollar/Indian Rupee (FOREX:AUDINR)
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 AUDINR
The long term trend has been DOWN since Apr 6th, 2017 at 48.7655
The intermediate term trend has been UP since May 23rd, 2017 at 48.5015
The short term trend has been UP since May 18th, 2017 at 47.7355
Smart Scan Analysis for AUDINR
Based on a pre-defined weighted trend formula for chart analysis, AUDINR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).