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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Malaysian Ringt/Indian Rupee (FOREX:MYRINR)
Strong Downtrend (-100) - MYRINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MYRINR continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for MYRINR
The long-term trend has been DOWN since Feb 13th, 2024 at 17.320435
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 17.489455
The short-term trend has been DOWN since Apr 26th, 2024 at 17.392494
Smart Scan Analysis for MYRINR
Based on our trend formula, MYRINR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.451888 | 17.502491 | 17.389444 | 17.421674 | -0.030214 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.451888 | 2024-04-26 12:56:42 |