Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Euro/Indian Rupee (FOREX:EURINR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 EURINR
The long term trend has been UP since Aug 5th, 2019 at 79.481
The intermediate term trend has been DOWN since Jan 10th, 2020 at 78.674
The short term trend has been UP since Jan 16th, 2020 at 79.050
Smart Scan Analysis for EURINR
Based on a pre-defined weighted trend formula for chart analysis, EURINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).