Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
US Dollar/Indian Rupee (FOREX:USDINR)
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.
MarketClub’s Trade Triangles for USDINR
The long term trend has been UP since Feb 28th, 2018 at 65.565
The intermediate term trend has been DOWN since Nov 1st, 2018 at 73.035
The short term trend has been DOWN since Nov 13th, 2018 at 72.375
Smart Scan Analysis for USDINR
Based on a pre-defined weighted trend formula for chart analysis, USDINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).