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Forex Trend Analysis Report

Prepared for you on Friday, September 21, 2018.

Malaysian Ringt/Indian Rupee (FOREX:MYRINR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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
17.4895 17.5275 17.3735 17.4895 0.0000
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 up The intermediate term trend has been UP since Aug 13th, 2018 at 17.0810

short term down The short term trend has been DOWN since Sep 20th, 2018 at 17.3985

Smart Scan Analysis for MYRINR

Based on a pre-defined weighted trend formula for chart analysis, MYRINR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.4895 17.5275 17.3735 17.4895 0.0000
Prev. Close Volume Bid Ask Time
17.4895 17.4730 17.5060 2018-09-21 18:25:52
Want to analyze Malaysian Ringt/Indian Rupee MYRINR or another symbol? Try our Free Forex Trend Analysis Report.