Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Chinese Renminbi Yuan/Indian Rupee (FOREX:CNYINR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 Aug 9th, 2017 at 9.56715
The intermediate term trend has been DOWN since May 28th, 2018 at 10.51350
The short term trend has been DOWN since Jun 19th, 2018 at 10.54750
Smart Scan Analysis for CNYINR
Based on a pre-defined weighted trend formula for chart analysis, CNYINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).