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.
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 Aug 27th, 2019 at 0.100106
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).