Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Japanese Yen/Indian Rupee (FOREX:JPYINR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 JPYINR
The long term trend has been UP since Jun 20th, 2019 at 0.647625
The intermediate term trend has been DOWN since Jul 1st, 2019 at 0.638160
The short term trend has been UP since Jul 12th, 2019 at 0.633605
Smart Scan Analysis for JPYINR
Based on a pre-defined weighted trend formula for chart analysis, JPYINR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).