Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
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 25th, 2018 at 51.5385
The intermediate term trend has been DOWN since Aug 10th, 2018 at 50.3510
The short term trend has been DOWN since Aug 9th, 2018 at 50.7210
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).