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Forex Trend Analysis Report

Prepared for you on Sunday, September 15, 2019.

Indian Rupee/Danish Krone (FOREX:INRDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_INRDKK
Open High Low INRDKK Price Change
0.09485 0.09505 0.09455 0.09495 +0.00010
Entry Signal

MarketClub’s Trade Triangles for INRDKK

long term down The long term trend has been DOWN since Aug 6th, 2019 at 0.09400

intermediate term up The intermediate term trend has been UP since Sep 12th, 2019 at 0.09485

short term up The short term trend has been UP since Sep 6th, 2019 at 0.09440

Smart Scan Analysis for INRDKK

Based on a pre-defined weighted trend formula for chart analysis, INRDKK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for INRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09485 0.09505 0.09455 0.09495 +0.00010
Prev. Close Volume Bid Ask Time
0.09485 0.09490 0.09500 2019-09-13 13:44:36
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