Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 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.
MarketClub’s Trade Triangles for INRCNY
The long term trend has been DOWN since Sep 18th, 2018 at 0.094290
The intermediate term trend has been UP since Oct 24th, 2018 at 0.094796
The short term trend has been UP since Oct 24th, 2018 at 0.094641
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).