Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Malaysian Ringt/Indian Rupee (FOREX:MYRINR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 May 14th, 2018 at 17.1105
The short term trend has been DOWN since May 23rd, 2018 at 17.0610
Smart Scan Analysis for MYRINR
Based on a pre-defined weighted trend formula for chart analysis, MYRINR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).