Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Indian Rupee/Australian Dollar (FOREX:INRAUD)
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 INRAUD
The long term trend has been DOWN since Jan 26th, 2018 at 0.019390
The intermediate term trend has been DOWN since Aug 17th, 2018 at 0.019498
The short term trend has been UP since Oct 17th, 2018 at 0.019120
Smart Scan Analysis for INRAUD
Based on a pre-defined weighted trend formula for chart analysis, INRAUD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).