Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Australian Dollar/Indian Rupee (FOREX:AUDINR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Nov 1st, 2017 at 49.4850
The intermediate term trend has been UP since Dec 13th, 2017 at 49.4580
The short term trend has been UP since Jan 9th, 2018 at 49.8835
Smart Scan Analysis for AUDINR
Based on a pre-defined weighted trend formula for chart analysis, AUDINR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).