Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
Indian Rupee/Singapore Dollar (FOREX:INRSGD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 INRSGD
The long term trend has been DOWN since Jan 12th, 2018 at 0.020805
The intermediate term trend has been UP since Nov 2nd, 2018 at 0.018897
The short term trend has been UP since Dec 7th, 2018 at 0.019425
Smart Scan Analysis for INRSGD
Based on a pre-defined weighted trend formula for chart analysis, INRSGD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).