Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
US Dollar/Indian Rupee (FOREX:USDINR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jun 17th, 2018 at 68.470
The short term trend has been DOWN since Jul 12th, 2018 at 68.490
Smart Scan Analysis for USDINR
Based on a pre-defined weighted trend formula for chart analysis, USDINR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).