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.
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 DOWN since Nov 2nd, 2018 at 17.4950
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).