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Forex Trend Analysis Report

Prepared for you on Tuesday, January 15, 2019.

US Dollar/Indian Rupee (FOREX:USDINR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_USDINR
Open High Low USDINR Price Change
70.8850 71.1450 70.8305 71.0910 +0.2060
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long term trend has been DOWN since Dec 31st, 2018 at 69.595

intermediate term up The intermediate term trend has been UP since Jan 14th, 2019 at 70.730

short term up The short term trend has been UP since Jan 8th, 2019 at 70.075

Smart Scan Analysis for USDINR

Based on a pre-defined weighted trend formula for chart analysis, USDINR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
70.8850 71.1450 70.8305 71.0910 +0.2060
Prev. Close Volume Bid Ask Time
70.8850 71.0730 71.1090 2019-01-15 19:03:17
Want to analyze US Dollar/Indian Rupee USDINR or another symbol? Try our Free Forex Trend Analysis Report.