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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

New Zealand Dollar/Indian Rupee (FOREX:NZDINR)

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.

FOREX_NZDINR
Open High Low NZDINR Price Change
46.522585 46.558584 46.451694 46.451694 -0.070891
Entry Signal

MarketClub’s Trade Triangles for NZDINR

long term up The long term trend has been UP since Dec 2nd, 2019 at 46.304760

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 46.905553

short term down The short term trend has been DOWN since Jan 27th, 2020 at 46.888164

Smart Scan Analysis for NZDINR

Based on a pre-defined weighted trend formula for chart analysis, NZDINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for NZDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
46.522585 46.558584 46.451694 46.451694 -0.070891
Prev. Close Volume Bid Ask Time
46.522585 46.404286 46.499101 2020-01-29 06:15:32
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