Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Indian Rupee/Chinese Renminbi Yuan (FOREX:INRCNY)
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 INRCNY
The long term trend has been DOWN since Feb 4th, 2019 at 0.093976
The intermediate term trend has been UP since Feb 12th, 2019 at 0.095800
The short term trend has been DOWN since Feb 15th, 2019 at 0.094994
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).