Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Indian Rupee/Swiss Franc (FOREX:INRCHF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 INRCHF
The long term trend has been UP since May 2nd, 2018 at 0.01494
The intermediate term trend has been DOWN since May 18th, 2018 at 0.01466
The short term trend has been DOWN since May 7th, 2018 at 0.01492
Smart Scan Analysis for INRCHF
Based on a pre-defined weighted trend formula for chart analysis, INRCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).