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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2019.

Indian Rupee/Icelandic Krona (FOREX:INRISK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_INRISK
Open High Low INRISK Price Change
1.72965 1.73925 1.72795 1.73925 +0.00960
Entry Signal

MarketClub’s Trade Triangles for INRISK

long term up The long term trend has been UP since Oct 16th, 2018 at 1.59165

intermediate term up The intermediate term trend has been UP since Mar 5th, 2019 at 1.71565

short term up The short term trend has been UP since Apr 18th, 2019 at 1.72935

Smart Scan Analysis for INRISK

Based on a pre-defined weighted trend formula for chart analysis, INRISK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for INRISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.72965 1.73925 1.72795 1.73925 +0.00960
Prev. Close Volume Bid Ask Time
1.72965 1.73470 1.74380 2019-04-18 14:13:12
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