Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Singapore Dollar/Indian Rupee (FOREX:SGDINR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 SGDINR
The long term trend has been UP since Jul 18th, 2017 at 47.068
The intermediate term trend has been UP since Jan 14th, 2019 at 52.259
The short term trend has been DOWN since Jan 21st, 2019 at 52.337
Smart Scan Analysis for SGDINR
Based on a pre-defined weighted trend formula for chart analysis, SGDINR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).