Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Indian Rupee/Chinese Renminbi Yuan (FOREX:INRCNY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jan 16th, 2018 at 0.100670
The intermediate term trend has been DOWN since Dec 28th, 2017 at 0.101840
The short term trend has been DOWN since Mar 19th, 2018 at 0.097155
Smart Scan Analysis for INRCNY
Based on a pre-defined weighted trend formula for chart analysis, INRCNY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).