Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Swiss Franc/Indian Rupee (FOREX:CHFINR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CHFINR
The long term trend has been UP since Jul 3rd, 2018 at 69.3130
The intermediate term trend has been UP since Dec 10th, 2018 at 72.1715
The short term trend has been DOWN since Dec 13th, 2018 at 72.0055
Smart Scan Analysis for CHFINR
Based on a pre-defined weighted trend formula for chart analysis, CHFINR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).