Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
New Zealand Dollar/Indian Rupee (FOREX:NZDINR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 NZDINR
The long term trend has been DOWN since Oct 19th, 2017 at 45.5805
The intermediate term trend has been DOWN since Oct 8th, 2017 at 46.1830
The short term trend has been UP since Nov 22nd, 2017 at 44.5100
Smart Scan Analysis for NZDINR
Based on a pre-defined weighted trend formula for chart analysis, NZDINR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).