Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
Euro/Indian Rupee (FOREX:EURINR)
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 EURINR
The long term trend has been UP since Aug 22nd, 2018 at 81.085
The intermediate term trend has been DOWN since Oct 24th, 2018 at 83.920
The short term trend has been DOWN since Nov 2nd, 2018 at 83.478
Smart Scan Analysis for EURINR
Based on a pre-defined weighted trend formula for chart analysis, EURINR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).