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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Indian Rupee/Japanese Yen (FOREX:INRJPY)

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.

FOREX_INRJPY
Open High Low INRJPY Price Change
1.53060 1.53090 1.52235 1.52820 -0.00240
Entry Signal

MarketClub’s Trade Triangles for INRJPY

long term down The long term trend has been DOWN since Jan 24th, 2018 at 1.71275

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2018 at 1.53130

short term down The short term trend has been DOWN since Oct 23rd, 2018 at 1.52570

Smart Scan Analysis for INRJPY

Based on a pre-defined weighted trend formula for chart analysis, INRJPY scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for INRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.53060 1.53090 1.52235 1.52820 -0.00240
Prev. Close Volume Bid Ask Time
1.53060 1.52760 1.52880 2018-10-23 19:17:29
Want to analyze Indian Rupee/Japanese Yen INRJPY or another symbol? Try our Free Forex Trend Analysis Report.