Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Euro/Indian Rupee (FOREX:EURINR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 81.085
The intermediate term trend has been UP since Jan 9th, 2019 at 81.346
The short term trend has been UP since Jan 7th, 2019 at 80.140
Smart Scan Analysis for EURINR
Based on a pre-defined weighted trend formula for chart analysis, EURINR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).