Analyze Symbol
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.
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MarketClub’s Trade Triangles for USDINR
The long term trend has been DOWN since Jan 20th, 2020 at 70.4975
The intermediate term trend has been DOWN since Jan 13th, 2020 at 70.8510
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).
| 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 |