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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Bear Market Rally (-75) - INRMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRMYR as it may be in the beginning of a reversal.

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
0.05535637 0.05543131 0.05530678 0.05543131 +0.00007500
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term down The long-term trend has been DOWN since Oct 10th, 2021 at 0.05547519

intermediate term down The intermediate-term trend has been DOWN since Aug 25th, 2021 at 0.05663722

short term up The short-term trend has been UP since Oct 15th, 2021 at 0.05547050

Smart Scan Analysis for INRMYR

Based on our trend formula, INRMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05535637 0.05543131 0.05530678 0.05543131 +0.00007500
Prev. Close Volume Bid Ask Time
0.05535637 2021-10-18 15:46:04
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