Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Singapore Dollar/Indian Rupee (FOREX:SGDINR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SGDINR
The long term trend has been UP since Jul 18th, 2017 at 47.068
The intermediate term trend has been DOWN since Jul 15th, 2018 at 49.917
The short term trend has been UP since Jul 16th, 2018 at 50.414
Smart Scan Analysis for SGDINR
Based on a pre-defined weighted trend formula for chart analysis, SGDINR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).