Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Indian Rupee/Euro (FOREX:INREUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 INREUR
The long term trend has been DOWN since Aug 5th, 2019 at 0.0125820
The intermediate term trend has been DOWN since Oct 14th, 2019 at 0.0127390
The short term trend has been UP since Dec 6th, 2019 at 0.0126512
Smart Scan Analysis for INREUR
Based on a pre-defined weighted trend formula for chart analysis, INREUR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).