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Forex Trend Analysis Report

Prepared for you on Thursday, June 21, 2018.

Indian Rupee/Chinese Renminbi Yuan (FOREX:INRCNY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

FOREX_INRCNY
Open High Low INRCNY Price Change
0.095290 0.095625 0.095140 0.095590 +0.000300
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term down The long term trend has been DOWN since Jan 16th, 2018 at 0.10067

intermediate term up The intermediate term trend has been UP since May 28th, 2018 at 0.09511

short term up The short term trend has been UP since Jun 19th, 2018 at 0.09480

Smart Scan Analysis for INRCNY

Based on a pre-defined weighted trend formula for chart analysis, INRCNY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.095290 0.095625 0.095140 0.095590 +0.000300
Prev. Close Volume Bid Ask Time
0.095290 0.095540 0.095640 2018-06-21 10:21:13
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