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Forex Trend Analysis Report

Prepared for you on Wednesday, March 20, 2019.

US Dollar/Indian Rupee (FOREX:USDINR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_USDINR
Open High Low USDINR Price Change
69.0325 69.1750 68.7510 68.8210 -0.2115
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term down The long term trend has been DOWN since Dec 31st, 2018 at 69.5950

intermediate term down The intermediate term trend has been DOWN since Feb 12th, 2019 at 70.8350

short term down The short term trend has been DOWN since Mar 5th, 2019 at 70.7615

Smart Scan Analysis for USDINR

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

-100
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.0325 69.1750 68.7510 68.8210 -0.2115
Prev. Close Volume Bid Ask Time
69.0325 68.8120 68.8300 2019-03-20 09:49:04
Want to analyze US Dollar/Indian Rupee USDINR or another symbol? Try our Free Forex Trend Analysis Report.