Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Indian Rupee/Euro (FOREX:INREUR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 22nd, 2018 at 0.012330
The intermediate term trend has been UP since Feb 11th, 2019 at 0.012465
The short term trend has been UP since Feb 20th, 2019 at 0.012415
Smart Scan Analysis for INREUR
Based on a pre-defined weighted trend formula for chart analysis, INREUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).