Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Euro/Indian Rupee (FOREX:EURINR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 EURINR
The long term trend has been UP since Aug 22nd, 2018 at 81.0850
The intermediate term trend has been UP since Aug 20th, 2018 at 80.5480
The short term trend has been UP since Sep 4th, 2018 at 82.9195
Smart Scan Analysis for EURINR
Based on a pre-defined weighted trend formula for chart analysis, EURINR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).