Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Indian Rupee/US Dollar (FOREX:INRUSD)
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.
MarketClub’s Trade Triangles for INRUSD
The long term trend has been UP since Dec 31st, 2018 at 0.014370
The intermediate term trend has been UP since Jun 27th, 2019 at 0.014486
The short term trend has been DOWN since Jul 15th, 2019 at 0.014557
Smart Scan Analysis for INRUSD
Based on a pre-defined weighted trend formula for chart analysis, INRUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).