Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Indian Rupee/Swiss Franc (FOREX:INRCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 INRCHF
The long term trend has been DOWN since Jun 21st, 2019 at 0.01405800
The intermediate term trend has been DOWN since Nov 12th, 2019 at 0.01384436
The short term trend has been UP since Dec 6th, 2019 at 0.01388208
Smart Scan Analysis for INRCHF
Based on a pre-defined weighted trend formula for chart analysis, INRCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).