Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 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 Jan 24th, 2018 at 67.4765
The intermediate term trend has been DOWN since Mar 8th, 2018 at 68.3925
The short term trend has been DOWN since Mar 15th, 2018 at 68.4015
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).