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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.

FOREX_INRGBP
Open High Low INRGBP Price Change
0.011603 0.011614 0.011579 0.011593 -0.000010
Entry Signal

MarketClub’s Trade Triangles for INRGBP

long term up The long term trend has been UP since Dec 2nd, 2018 at 0.011274

intermediate term up The intermediate term trend has been UP since Jul 1st, 2019 at 0.011487

short term down 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).

+65
Smart Scan Analysis for INRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.011603 0.011614 0.011579 0.011593 -0.000010
Prev. Close Volume Bid Ask Time
0.011603 0.011592 0.011594 2019-07-22 03:39:45
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