Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 INRCNY
The long term trend has been UP since May 16th, 2019 at 0.098249
The intermediate term trend has been UP since Jul 2nd, 2019 at 0.099871
The short term trend has been DOWN since Jul 9th, 2019 at 0.100011
Smart Scan Analysis for INRCNY
Based on a pre-defined weighted trend formula for chart analysis, INRCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).