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.
MarketClub’s Trade Triangles for USDINR
The long term trend has been DOWN since Dec 31st, 2018 at 69.5950
The intermediate term trend has been DOWN since Feb 12th, 2019 at 70.8350
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).