Forex Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
Indian Rupee/Singapore Dollar (FOREX:INRSGD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 DOWN since Apr 11th, 2018 at 0.020050
The short term trend has been UP since Apr 23rd, 2018 at 0.019990
Smart Scan Analysis for INRSGD
Based on a pre-defined weighted trend formula for chart analysis, INRSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).