Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Malaysian Ringt/Indian Rupee (FOREX:MYRINR)
Long-Term Downtrend (-90) - MYRINR is in a strong downtrend that is likely to continue. While MYRINR 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 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.
MarketClub’s Trade Triangles for MYRINR
The long-term trend has been DOWN since Mar 4th, 2021 at 17.843153
The intermediate-term trend has been DOWN since Mar 4th, 2021 at 17.843153
The short-term trend has been DOWN since Mar 4th, 2021 at 17.959848
Smart Scan Analysis for MYRINR
Based on our trend formula, MYRINR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).