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Forex Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

Indian Rupee/Japanese Yen (FOREX:INRJPY)

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.

FOREX_INRJPY
Open High Low INRJPY Price Change
1.58205 1.58240 1.57310 1.57805 -0.00400
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 Aug 10th, 2018 at 1.60990

short term down The short term trend has been DOWN since Aug 6th, 2018 at 1.61995

Smart Scan Analysis for INRJPY

Based on a pre-defined weighted trend formula for chart analysis, INRJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for INRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.58205 1.58240 1.57310 1.57805 -0.00400
Prev. Close Volume Bid Ask Time
1.58205 1.57800 1.57810 2018-08-17 17:09:21
Want to analyze Indian Rupee/Japanese Yen INRJPY or another symbol? Try our Free Forex Trend Analysis Report.