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.
MarketClub’s Trade Triangles for USDINR
The long term trend has been DOWN since Dec 31st, 2018 at 69.595
The intermediate term trend has been UP since Jan 14th, 2019 at 70.730
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).