Forex Trend Analysis Report
Prepared for you on Tuesday, January 16, 2018.
Chinese Renminbi Yuan/Indian Rupee (FOREX:CNYINR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CNYINR
The long term trend has been UP since Aug 9th, 2017 at 9.56715
The intermediate term trend has been UP since Dec 22nd, 2017 at 9.79675
The short term trend has been UP since Jan 10th, 2018 at 9.77975
Smart Scan Analysis for CNYINR
Based on a pre-defined weighted trend formula for chart analysis, CNYINR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).