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Forex Trend Analysis Report

Prepared for you on Saturday, November 17, 2018.

Malaysian Ringt/Indian Rupee (FOREX:MYRINR)

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_MYRINR
Open High Low MYRINR Price Change
17.306 17.306 17.306 17.306 0.000
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term up The long term trend has been UP since Jun 7th, 2017 at 15.1585

intermediate term down The intermediate term trend has been DOWN since Nov 2nd, 2018 at 17.4950

short term down The short term trend has been DOWN since Nov 13th, 2018 at 17.2900

Smart Scan Analysis for MYRINR

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

-60
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.306 17.306 17.306 17.306 0.000
Prev. Close Volume Bid Ask Time
17.306 17.289 17.323 2018-11-17 17:09:30
Want to analyze Malaysian Ringt/Indian Rupee MYRINR or another symbol? Try our Free Forex Trend Analysis Report.