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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malaysian Ringt/Indian Rupee (FOREX:MYRINR)
Sidelines Mode (-55) - MYRINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MYRINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRINR.
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 MYRINR
The long-term trend has been DOWN since Feb 13th, 2024 at 17.320435
The intermediate-term trend has been UP since May 2nd, 2024 at 17.588042
The short-term trend has been DOWN since May 7th, 2024 at 17.580671
Smart Scan Analysis for MYRINR
Based on our trend formula, MYRINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.625550 | 17.627908 | 17.598436 | 17.605509 | -0.020041 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.625550 | 2024-05-09 05:51:51 |