Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Chinese Renminbi Yuan/Indian Rupee (FOREX:CNYINR)
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 CNYINR
The long term trend has been UP since Sep 18th, 2018 at 10.605
The intermediate term trend has been UP since Aug 16th, 2018 at 10.198
The short term trend has been DOWN since Sep 20th, 2018 at 10.521
Smart Scan Analysis for CNYINR
Based on a pre-defined weighted trend formula for chart analysis, CNYINR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).