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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

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_INRMYR
Open High Low INRMYR Price Change
0.056619 0.056672 0.056327 0.056633 +0.000014
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term down The long term trend has been DOWN since Mar 27th, 2018 at 0.059660

intermediate term down The intermediate term trend has been DOWN since Aug 13th, 2018 at 0.058688

short term up The short term trend has been UP since Oct 11th, 2018 at 0.056352

Smart Scan Analysis for INRMYR

Based on a pre-defined weighted trend formula for chart analysis, INRMYR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.056619 0.056672 0.056327 0.056633 +0.000014
Prev. Close Volume Bid Ask Time
0.056619 0.056599 0.056667 2018-10-17 16:08:22
Want to analyze Indian Rupee/Malaysian Ringt INRMYR or another symbol? Try our Free Forex Trend Analysis Report.