Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2017.
Australian Dollar/Indian Rupee (FOREX:AUDINR)
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 AUDINR
The long term trend has been UP since Jan 19th, 2017 at 51.6445
The intermediate term trend has been DOWN since Mar 2nd, 2017 at 50.8645
The short term trend has been DOWN since Mar 21st, 2017 at 50.1890
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).