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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Japanese Yen/Indian Rupee (FOREX:JPYINR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_JPYINR
Open High Low JPYINR Price Change
0.64951826 0.65250651 0.64946200 0.65164004 +0.00212200
Entry Signal

MarketClub’s Trade Triangles for JPYINR

long term down The long term trend has been DOWN since Jan 13th, 2020 at 0.64364485

intermediate term down The intermediate term trend has been DOWN since Jan 10th, 2020 at 0.64634881

short term up The short term trend has been UP since Feb 14th, 2020 at 0.64996196

Smart Scan Analysis for JPYINR

Based on a pre-defined weighted trend formula for chart analysis, JPYINR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for JPYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64951826 0.65250651 0.64946200 0.65164004 +0.00212200
Prev. Close Volume Bid Ask Time
0.64909106 0.65096720 0.65231287 2020-02-14 17:02:09
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