Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Euro/Indian Rupee (FOREX:EURINR)
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 EURINR
The long term trend has been UP since Aug 5th, 2019 at 79.481
The intermediate term trend has been DOWN since Sep 12th, 2019 at 78.338
The short term trend has been DOWN since Sep 11th, 2019 at 78.836
Smart Scan Analysis for EURINR
Based on a pre-defined weighted trend formula for chart analysis, EURINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).