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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

Indian Rupee/Swedish Krona (FOREX:INRSEK)

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_INRSEK
Open High Low INRSEK Price Change
0.137105 0.137275 0.136685 0.136710 -0.000395
Entry Signal

MarketClub’s Trade Triangles for INRSEK

long term up The long term trend has been UP since Feb 12th, 2019 at 0.130945

intermediate term down The intermediate term trend has been DOWN since Jun 4th, 2019 at 0.136045

short term up The short term trend has been UP since Jun 18th, 2019 at 0.136535

Smart Scan Analysis for INRSEK

Based on a pre-defined weighted trend formula for chart analysis, INRSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for INRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.137105 0.137275 0.136685 0.136710 -0.000395
Prev. Close Volume Bid Ask Time
0.137105 0.136680 0.136740 2019-06-19 13:07:43
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