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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.

FOREX_INRMYR
Open High Low INRMYR Price Change
0.05528344 0.05537379 0.05528344 0.05528734 +0.00000400
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term down The long-term trend has been DOWN since Aug 19th, 2020 at 0.05561077

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2021 at 0.05523756

short term down 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).

-90
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05528344 0.05537379 0.05528344 0.05528734 +0.00000400
Prev. Close Volume Bid Ask Time
0.05528344 2021-03-01 03:47:06
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