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Forex Trend Analysis Report

Prepared for you on Tuesday, December 11, 2018.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
0.057793 0.058301 0.057586 0.057880 +0.000087
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term up The long term trend has been UP since Nov 25th, 2018 at 0.059639

intermediate term down The intermediate term trend has been DOWN since Dec 10th, 2018 at 0.058063

short term down The short term trend has been DOWN since Dec 3rd, 2018 at 0.059613

Smart Scan Analysis for INRMYR

Based on a pre-defined weighted trend formula for chart analysis, INRMYR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.057793 0.058301 0.057586 0.057880 +0.000087
Prev. Close Volume Bid Ask Time
0.057793 0.057845 0.057914 2018-12-11 21:41:41
Want to analyze Indian Rupee/Malaysian Ringt INRMYR or another symbol? Try our Free Forex Trend Analysis Report.