Forex Trend Analysis Report
Prepared for you on Sunday, October 22, 2017.
Australian Dollar/Indian Rupee (FOREX:AUDINR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jul 13th, 2017 at 49.8440
The intermediate term trend has been DOWN since Oct 2nd, 2017 at 50.9540
The short term trend has been UP since Oct 19th, 2017 at 51.2065
Smart Scan Analysis for AUDINR
Based on a pre-defined weighted trend formula for chart analysis, AUDINR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).