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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Singapore Dollar/Indian Rupee (FOREX:SGDINR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_SGDINR
Open High Low SGDINR Price Change
52.2340 52.3175 52.1845 52.2395 +0.0055
Entry Signal

MarketClub’s Trade Triangles for SGDINR

long term up The long term trend has been UP since Jul 18th, 2017 at 47.068

intermediate term down The intermediate term trend has been DOWN since Nov 2nd, 2018 at 52.920

short term down The short term trend has been DOWN since Nov 8th, 2018 at 52.798

Smart Scan Analysis for SGDINR

Based on a pre-defined weighted trend formula for chart analysis, SGDINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for SGDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.2340 52.3175 52.1845 52.2395 +0.0055
Prev. Close Volume Bid Ask Time
52.2340 52.1880 52.2910 2018-11-16 02:17:55
Want to analyze Singapore Dollar/Indian Rupee SGDINR or another symbol? Try our Free Forex Trend Analysis Report.