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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Long-Term Uptrend (+90) - INRMYR is in a strong uptrend that is likely to continue. While INRMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid INRMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRMYR.
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 INRMYR
The long-term trend has been UP since Feb 4th, 2024 at 0.05733861
The intermediate-term trend has been UP since Mar 15th, 2024 at 0.05794470
The short-term trend has been UP since Apr 11th, 2024 at 0.05713057
Smart Scan Analysis for INRMYR
Based on our trend formula, INRMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05738609 | 0.05743217 | 0.05737631 | 0.05737631 | -0.00001000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05738609 | 2024-04-16 04:55:34 |