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Forex Trend Analysis Report

Prepared for you on Tuesday, April 24, 2018.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.058830 0.058945 0.058785 0.058880 +0.000050
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 Mar 27th, 2018 at 0.059660

short term down The short term trend has been DOWN since Apr 17th, 2018 at 0.059315

Smart Scan Analysis for INRMYR

Based on a pre-defined weighted trend formula for chart analysis, INRMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.058830 0.058945 0.058785 0.058880 +0.000050
Prev. Close Volume Bid Ask Time
0.058830 0.058840 0.058920 2018-04-24 07:52:04
Want to analyze Indian Rupee/Malaysian Ringt INRMYR or another symbol? Try our Free Forex Trend Analysis Report.