Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 CNYINR
The long term trend has been UP since Nov 7th, 2019 at 10.215500
The intermediate term trend has been UP since Dec 27th, 2019 at 10.225609
The short term trend has been DOWN since Jan 28th, 2020 at 10.263546
Smart Scan Analysis for CNYINR
Based on a pre-defined weighted trend formula for chart analysis, CNYINR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).