Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
US Dollar/Indian Rupee (FOREX:USDINR)
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.
MarketClub’s Trade Triangles for USDINR
The long term trend has been UP since Aug 5th, 2019 at 70.9800
The intermediate term trend has been DOWN since Jan 13th, 2020 at 70.8510
The short term trend has been DOWN since Jan 8th, 2020 at 71.6823
Smart Scan Analysis for USDINR
Based on a pre-defined weighted trend formula for chart analysis, USDINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).