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.
MarketClub’s Trade Triangles for INRMYR
The long-term trend has been UP since Apr 25th, 2022 at 0.05684846
The intermediate-term trend has been DOWN since May 17th, 2022 at 0.05641843
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).