Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Indian Rupee/Singapore Dollar (FOREX:INRSGD)
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.
MarketClub’s Trade Triangles for INRSGD
The long term trend has been UP since Mar 18th, 2019 at 0.019702
The intermediate term trend has been UP since Feb 12th, 2019 at 0.019179
The short term trend has been DOWN since Mar 20th, 2019 at 0.019555
Smart Scan Analysis for INRSGD
Based on a pre-defined weighted trend formula for chart analysis, INRSGD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).