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Forex Trend Analysis Report

Prepared for you on Monday, September 16, 2019.

Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.

FOREX_INRCNY
Open High Low INRCNY Price Change
0.099954 0.099954 0.098618 0.098725 -0.001229
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term up The long term trend has been UP since May 16th, 2019 at 0.098249

intermediate term up The intermediate term trend has been UP since Aug 27th, 2019 at 0.100106

short term down The short term trend has been DOWN since Sep 16th, 2019 at 0.099089

Smart Scan Analysis for INRCNY

Based on a pre-defined weighted trend formula for chart analysis, INRCNY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.099954 0.099954 0.098618 0.098725 -0.001229
Prev. Close Volume Bid Ask Time
0.099954 0.098598 0.098852 2019-09-16 18:11:02
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