Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
/Indian Rupee (FOREX:CNHINR)
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 CNHINR
The long term trend has been DOWN since Dec 31st, 2018 at 10.1516
The intermediate term trend has been UP since Jan 14th, 2019 at 10.2093
The short term trend has been UP since Jan 14th, 2019 at 10.2093
Smart Scan Analysis for CNHINR
Based on a pre-defined weighted trend formula for chart analysis, CNHINR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).