Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Indian Rupee/Euro (FOREX:INREUR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 INREUR
The long term trend has been DOWN since Jun 27th, 2017 at 0.013705
The intermediate term trend has been DOWN since Dec 28th, 2017 at 0.013060
The short term trend has been DOWN since Mar 21st, 2018 at 0.012415
Smart Scan Analysis for INREUR
Based on a pre-defined weighted trend formula for chart analysis, INREUR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).