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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

Malaysian Ringt/Indian Rupee (FOREX:MYRINR)

Sidelines Mode (-55) - MYRINR 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 MYRINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRINR
Open High Low MYRINR Price Change
17.861584 17.871715 17.771821 17.851938 -0.009646
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term down The long-term trend has been DOWN since Mar 2nd, 2023 at 18.329728

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 17.721580

short term down The short-term trend has been DOWN since Dec 8th, 2023 at 17.775116

Smart Scan Analysis for MYRINR

Based on our trend formula, MYRINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.861584 17.871715 17.771821 17.851938 -0.009646
Prev. Close Volume Bid Ask Time
17.851938 2023-12-08 20:32:21
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