Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 CNYINR
The long term trend has been UP since Nov 7th, 2019 at 10.215500
The intermediate term trend has been UP since Oct 13th, 2019 at 10.019000
The short term trend has been DOWN since Nov 19th, 2019 at 10.212906
Smart Scan Analysis for CNYINR
Based on a pre-defined weighted trend formula for chart analysis, CNYINR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).