Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Bear Market Rally (-75) - INRMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRMYR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for INRMYR
The long-term trend has been DOWN since Oct 10th, 2021 at 0.05547519
The intermediate-term trend has been DOWN since Aug 25th, 2021 at 0.05663722
The short-term trend has been UP since Oct 15th, 2021 at 0.05547050
Smart Scan Analysis for INRMYR
Based on our trend formula, INRMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).