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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Malaysian Ringt/Indian Rupee (FOREX:MYRINR)

Bear Market Rally (-75) - MYRINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRINR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid MYRINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRINR
Open High Low MYRINR Price Change
17.528525 17.533967 17.489455 17.499757 -0.028768
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term down The long-term trend has been DOWN since Feb 13th, 2024 at 17.320435

intermediate term up The intermediate-term trend has been UP since Mar 4th, 2024 at 17.516670

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 17.637720

Smart Scan Analysis for MYRINR

Based on our trend formula, MYRINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.528525 17.533967 17.489455 17.499757 -0.028768
Prev. Close Volume Bid Ask Time
17.528525 2024-03-19 06:30:27
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