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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Countertrend Up (+85) - INRMYR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid INRMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for INRMYR
The long-term trend has been UP since Feb 4th, 2024 at 0.05733861
The intermediate-term trend has been UP since Apr 25th, 2024 at 0.05743217
The short-term trend has been UP since May 8th, 2024 at 0.05685721
Smart Scan Analysis for INRMYR
Based on our trend formula, INRMYR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05681099 | 0.05682945 | 0.05675625 | 0.05675625 | -0.00005500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05681099 | 2024-05-09 04:33:44 |