Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
British Pound/Indian Rupee (FOREX:GBPINR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 GBPINR
The long term trend has been DOWN since Dec 18th, 2018 at 88.7545
The intermediate term trend has been DOWN since May 16th, 2019 at 89.9775
The short term trend has been DOWN since May 14th, 2019 at 90.6795
Smart Scan Analysis for GBPINR
Based on a pre-defined weighted trend formula for chart analysis, GBPINR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).