Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Indian Rupee/Icelandic Krona (FOREX:INRISK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 INRISK
The long term trend has been UP since Oct 16th, 2018 at 1.59165
The intermediate term trend has been DOWN since Dec 10th, 2018 at 1.71085
The short term trend has been DOWN since Jan 17th, 2019 at 1.69830
Smart Scan Analysis for INRISK
Based on a pre-defined weighted trend formula for chart analysis, INRISK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).