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.
MarketClub’s Trade Triangles for MYRINR
The long term trend has been UP since Jun 7th, 2017 at 15.1585
The intermediate term trend has been UP since Aug 13th, 2018 at 17.0810
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).