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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Sidelines Mode (-55) - INRMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_INRMYR
Open High Low INRMYR Price Change
0.05588681 0.05588681 0.05587229 0.05587229 -0.00001500
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term up The long-term trend has been UP since Apr 25th, 2022 at 0.05684846

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2022 at 0.05641843

short term up The short-term trend has been UP since Jul 3rd, 2022 at 0.05583309

Smart Scan Analysis for INRMYR

Based on our trend formula, INRMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05588681 0.05588681 0.05587229 0.05587229 -0.00001500
Prev. Close Volume Bid Ask Time
0.05588681 2022-07-05 03:41:04
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