Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Long-Term Downtrend (-90) - INRMYR is in a strong downtrend that is likely to continue. While INRMYR is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for INRMYR
The long-term trend has been DOWN since Aug 19th, 2020 at 0.05561077
The intermediate-term trend has been DOWN since Feb 28th, 2021 at 0.05523756
The short-term trend has been DOWN since Feb 23rd, 2021 at 0.05567419
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).