Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
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 UP since Jan 25th, 2018 at 51.5385
The intermediate term trend has been DOWN since Nov 20th, 2018 at 51.7715
The short term trend has been UP since Dec 10th, 2018 at 51.3920
Smart Scan Analysis for AUDINR
Based on a pre-defined weighted trend formula for chart analysis, AUDINR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).