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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.

FOREX_USDINR
Open High Low USDINR Price Change
71.7850 71.9805 71.7850 71.7850 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term up The long term trend has been UP since Feb 28th, 2018 at 65.565

intermediate term down The intermediate term trend has been DOWN since Nov 1st, 2018 at 73.035

short term down 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).

-70
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.7850 71.9805 71.7850 71.7850 0.0000
Prev. Close Volume Bid Ask Time
71.7850 71.7750 71.7950 2018-11-17 19:57:30
Want to analyze US Dollar/Indian Rupee USDINR or another symbol? Try our Free Forex Trend Analysis Report.