Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
British Pound/Indian Rupee (FOREX:GBPINR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 GBPINR
The long term trend has been DOWN since Dec 18th, 2018 at 88.7545
The intermediate term trend has been UP since Aug 5th, 2019 at 86.5475
The short term trend has been UP since Aug 12th, 2019 at 86.4060
Smart Scan Analysis for GBPINR
Based on a pre-defined weighted trend formula for chart analysis, GBPINR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).