Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
Indian Rupee/Australian Dollar (FOREX:INRAUD)
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 INRAUD
The long term trend has been DOWN since Sep 3rd, 2019 at 0.02046400
The intermediate term trend has been DOWN since Oct 15th, 2019 at 0.02070200
The short term trend has been UP since Nov 14th, 2019 at 0.02046749
Smart Scan Analysis for INRAUD
Based on a pre-defined weighted trend formula for chart analysis, INRAUD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).