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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

US Dollar/Indian Rupee (FOREX:USDINR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_USDINR
Open High Low USDINR Price Change
71.1925 71.2425 71.1135 71.1345 -0.0580
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long term trend has been DOWN since Jan 20th, 2020 at 70.4975

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 70.8510

short term up The short term trend has been UP since Jan 21st, 2020 at 71.3750

Smart Scan Analysis for USDINR

Based on a pre-defined weighted trend formula for chart analysis, USDINR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.1925 71.2425 71.1135 71.1345 -0.0580
Prev. Close Volume Bid Ask Time
71.1925 71.1320 71.1370 2020-01-22 10:06:21
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