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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.

Open High Low EURINR Price Change
79.017 79.173 78.811 78.844 -0.173
Entry Signal

MarketClub’s Trade Triangles for EURINR

long term up The long term trend has been UP since Aug 5th, 2019 at 79.481

intermediate term down The intermediate term trend has been DOWN since Jan 10th, 2020 at 78.674

short term up 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).

Smart Scan Analysis for EURINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
79.017 79.173 78.811 78.844 -0.173
Prev. Close Volume Bid Ask Time
79.017 78.764 78.924 2020-01-17 13:47:03
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