Forex Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
Japanese Yen/Indian Rupee (FOREX:JPYINR)
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 JPYINR
The long term trend has been UP since Jan 2nd, 2019 at 0.664085
The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.645180
The short term trend has been UP since Feb 15th, 2019 at 0.646585
Smart Scan Analysis for JPYINR
Based on a pre-defined weighted trend formula for chart analysis, JPYINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).