Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Australian Dollar/Indian Rupee (FOREX:AUDINR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 AUDINR
The long term trend has been DOWN since Dec 18th, 2018 at 50.7495
The intermediate term trend has been DOWN since Apr 30th, 2019 at 49.0035
The short term trend has been DOWN since Jun 12th, 2019 at 48.2215
Smart Scan Analysis for AUDINR
Based on a pre-defined weighted trend formula for chart analysis, AUDINR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).