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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

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.

FOREX_INRMYR
Open High Low INRMYR Price Change
0.05381117 0.05384194 0.05376054 0.05383610 +0.00002500
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 0.05442074

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2023 at 0.05367335

short term up The short-term trend has been UP since Mar 29th, 2023 at 0.05382015

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).

+55
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05381117 0.05384194 0.05376054 0.05383610 +0.00002500
Prev. Close Volume Bid Ask Time
0.05381117 2023-03-30 20:29:04
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