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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.

FOREX_USDINR
Open High Low USDINR Price Change
71.0437 71.0437 71.0437 71.0437 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDINR

long term up The long term trend has been UP since Aug 5th, 2019 at 70.9800

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 70.8510

short term down 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).

-70
Smart Scan Analysis for USDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.0437 71.0437 71.0437 71.0437 0.0000
Prev. Close Volume Bid Ask Time
71.0437 71.0347 71.0527 2020-01-18 03:16:37
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