Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Indian Rupee/Euro (FOREX:INREUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 INREUR
The long term trend has been DOWN since Aug 22nd, 2018 at 0.012330
The intermediate term trend has been UP since Oct 24th, 2018 at 0.011916
The short term trend has been DOWN since Dec 3rd, 2018 at 0.012528
Smart Scan Analysis for INREUR
Based on a pre-defined weighted trend formula for chart analysis, INREUR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).