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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Bull Market Weakness (+75) - INRMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INRMYR as it may be in the beginning stages of a reversal.

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.

FOREX_INRMYR
Open High Low INRMYR Price Change
0.05699711 0.05706955 0.05699711 0.05702662 +0.00003000
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term up The long-term trend has been UP since Feb 4th, 2024 at 0.05733861

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2024 at 0.05794470

short term up The short-term trend has been UP since Mar 14th, 2024 at 0.05667444

Smart Scan Analysis for INRMYR

Based on our trend formula, INRMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05699711 0.05706955 0.05699711 0.05702662 +0.00003000
Prev. Close Volume Bid Ask Time
0.05699711 2024-03-19 04:28:04
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