Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
British Pound/Indian Rupee (FOREX:GBPINR)
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 GBPINR
The long term trend has been UP since Aug 30th, 2018 at 92.6660
The intermediate term trend has been DOWN since Oct 24th, 2018 at 94.4825
The short term trend has been DOWN since Dec 12th, 2018 at 90.1355
Smart Scan Analysis for GBPINR
Based on a pre-defined weighted trend formula for chart analysis, GBPINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).