Forex Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 CNYINR
The long term trend has been UP since Sep 18th, 2018 at 10.6050
The intermediate term trend has been UP since Apr 8th, 2019 at 10.3465
The short term trend has been UP since Apr 15th, 2019 at 10.3285
Smart Scan Analysis for CNYINR
Based on a pre-defined weighted trend formula for chart analysis, CNYINR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).