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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Strong Downtrend (-100) - INRMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, INRMYR continues to fall. Traders should use caution and set stops.
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 DOWN since Jul 28th, 2024 at 0.05546514
The intermediate-term trend has been DOWN since Dec 30th, 2024 at 0.05206297
The short-term trend has been DOWN since Jan 8th, 2025 at 0.05229854
Smart Scan Analysis for INRMYR
Based on our trend formula, INRMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05198227 | 0.05198227 | 0.05191947 | 0.05192464 | -0.00005800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05198227 | 2025-01-20 03:21:12 |