Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Singapore Dollar/Indian Rupee (FOREX:SGDINR)
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 SGDINR
The long term trend has been UP since Aug 13th, 2019 at 51.6130
The intermediate term trend has been UP since Aug 5th, 2019 at 50.7795
The short term trend has been DOWN since Sep 18th, 2019 at 51.6685
Smart Scan Analysis for SGDINR
Based on a pre-defined weighted trend formula for chart analysis, SGDINR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).