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.
MarketClub’s Trade Triangles for INRMYR
The long term trend has been DOWN since Mar 27th, 2018 at 0.059660
The intermediate term trend has been DOWN since Mar 27th, 2018 at 0.059660
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).