Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Japanese Yen/Indian Rupee (FOREX:JPYINR)
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.
MarketClub’s Trade Triangles for JPYINR
The long term trend has been DOWN since Jan 13th, 2020 at 0.64364485
The intermediate term trend has been DOWN since Jan 10th, 2020 at 0.64634881
The short term trend has been UP since Feb 14th, 2020 at 0.64996196
Smart Scan Analysis for JPYINR
Based on a pre-defined weighted trend formula for chart analysis, JPYINR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).