Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Australian Dollar/Indian Rupee (FOREX:AUDINR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Aug 17th, 2018 at 51.2890
The short term trend has been DOWN since Oct 17th, 2018 at 52.2925
Smart Scan Analysis for AUDINR
Based on a pre-defined weighted trend formula for chart analysis, AUDINR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).