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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Bull Market Weakness (+75) - INRMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INRMYR as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for INRMYR
The long-term trend has been DOWN since Jul 28th, 2024 at 0.05546514
The intermediate-term trend has been UP since Oct 14th, 2024 at 0.05118210
The short-term trend has been UP since Nov 13th, 2024 at 0.05277625
Smart Scan Analysis for INRMYR
Based on our trend formula, INRMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05295911 | 0.05301156 | 0.05289429 | 0.05299660 | +0.00003700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05295723 | 2024-11-19 20:53:49 |