Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
British Pound/Indian Rupee (FOREX:GBPINR)
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 GBPINR
The long term trend has been UP since Sep 5th, 2019 at 88.83650
The intermediate term trend has been DOWN since Dec 23rd, 2019 at 92.23873
The short term trend has been UP since Jan 21st, 2020 at 93.19255
Smart Scan Analysis for GBPINR
Based on a pre-defined weighted trend formula for chart analysis, GBPINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).