Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
/Indian Rupee (FOREX:CNHINR)
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 CNHINR
The long term trend has been UP since Feb 8th, 2019 at 10.6300
The intermediate term trend has been DOWN since Feb 12th, 2019 at 10.4711
The short term trend has been DOWN since Mar 1st, 2019 at 10.5700
Smart Scan Analysis for CNHINR
Based on a pre-defined weighted trend formula for chart analysis, CNHINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).