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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

Indian Rupee/US Dollar (FOREX:INRUSD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_INRUSD
Open High Low INRUSD Price Change
0.01399614 0.01406984 0.01399179 0.01405333 +0.00005700
Entry Signal

MarketClub’s Trade Triangles for INRUSD

long term down The long term trend has been DOWN since Aug 5th, 2019 at 0.014089

intermediate term down The intermediate term trend has been DOWN since Oct 16th, 2019 at 0.013969

short term down The short term trend has been DOWN since Oct 15th, 2019 at 0.014036

Smart Scan Analysis for INRUSD

Based on a pre-defined weighted trend formula for chart analysis, INRUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for INRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01399614 0.01406984 0.01399179 0.01405333 +0.00005700
Prev. Close Volume Bid Ask Time
0.01399614 0.01404820 0.01405847 2019-10-17 23:07:39
Want to analyze Indian Rupee/US Dollar INRUSD or another symbol? Try our Free Forex Trend Analysis Report.