Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Indian Rupee/Swiss Franc (FOREX:INRCHF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 INRCHF
The long term trend has been DOWN since Jun 21st, 2019 at 0.014058
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 0.014223
The short term trend has been UP since Aug 14th, 2019 at 0.013746
Smart Scan Analysis for INRCHF
Based on a pre-defined weighted trend formula for chart analysis, INRCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).