Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Australian Dollar/Indian Rupee (FOREX:AUDINR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 UP since Jan 25th, 2018 at 51.5385
The intermediate term trend has been DOWN since Jun 14th, 2018 at 50.4885
The short term trend has been DOWN since Jun 13th, 2018 at 51.0165
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).