Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Swiss Franc/Indian Rupee (FOREX:CHFINR)
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 CHFINR
The long term trend has been UP since Jul 3rd, 2018 at 69.3130
The intermediate term trend has been DOWN since Sep 30th, 2018 at 73.8140
The short term trend has been DOWN since Oct 12th, 2018 at 74.4185
Smart Scan Analysis for CHFINR
Based on a pre-defined weighted trend formula for chart analysis, CHFINR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).