Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Singapore Dollar/Indian Rupee (FOREX:SGDINR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SGDINR
The long term trend has been DOWN since Mar 18th, 2019 at 50.7555
The intermediate term trend has been DOWN since Feb 12th, 2019 at 52.1420
The short term trend has been UP since Mar 20th, 2019 at 51.1375
Smart Scan Analysis for SGDINR
Based on a pre-defined weighted trend formula for chart analysis, SGDINR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).