Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Euro/Indian Rupee (FOREX:EURINR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURINR
The long term trend has been DOWN since May 28th, 2018 at 78.51600
The intermediate term trend has been DOWN since May 2nd, 2018 at 79.85335
The short term trend has been DOWN since Jun 20th, 2018 at 78.72200
Smart Scan Analysis for EURINR
Based on a pre-defined weighted trend formula for chart analysis, EURINR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).