Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Indian Rupee/British Pound (FOREX:INRGBP)
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 INRGBP
The long term trend has been UP since Dec 2nd, 2018 at 0.011274
The intermediate term trend has been UP since Jul 1st, 2019 at 0.011487
The short term trend has been DOWN since Jul 18th, 2019 at 0.011595
Smart Scan Analysis for INRGBP
Based on a pre-defined weighted trend formula for chart analysis, INRGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).