Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Indian Rupee/Australian Dollar (FOREX:INRAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 INRAUD
The long term trend has been UP since Dec 18th, 2018 at 0.019705
The intermediate term trend has been UP since Feb 11th, 2019 at 0.019902
The short term trend has been DOWN since Feb 15th, 2019 at 0.019764
Smart Scan Analysis for INRAUD
Based on a pre-defined weighted trend formula for chart analysis, INRAUD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).