Forex Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
Indian Rupee/Singapore Dollar (FOREX:INRSGD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jun 14th, 2019 at 0.019586
The short term trend has been UP since Jun 26th, 2019 at 0.019591
Smart Scan Analysis for INRSGD
Based on a pre-defined weighted trend formula for chart analysis, INRSGD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).