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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Crossroads (+60) - INRMYR is struggling to move into a solid trend. Beware of choppy markets 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
0.05725349 0.05735049 0.05725349 0.05735049 +0.00009700
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term up The long-term trend has been UP since Feb 4th, 2024 at 0.05733861

intermediate term down The intermediate-term trend has been DOWN since Apr 17th, 2024 at 0.05662214

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 0.05704967

Smart Scan Analysis for INRMYR

Based on our trend formula, INRMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05725349 0.05735049 0.05725349 0.05735049 +0.00009700
Prev. Close Volume Bid Ask Time
0.05725349 2024-04-19 12:36:30
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