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.
MarketClub’s Trade Triangles for INRMYR
The long term trend has been UP since Nov 25th, 2018 at 0.059639
The intermediate term trend has been DOWN since Dec 10th, 2018 at 0.058063
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).