Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Indian Rupee/Australian Dollar (FOREX:INRAUD)
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 INRAUD
The long term trend has been DOWN since Jan 26th, 2018 at 0.019390
The intermediate term trend has been UP since Nov 20th, 2018 at 0.019317
The short term trend has been DOWN since Dec 10th, 2018 at 0.019467
Smart Scan Analysis for INRAUD
Based on a pre-defined weighted trend formula for chart analysis, INRAUD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).