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.
MarketClub’s Trade Triangles for MYRINR
The long-term trend has been DOWN since Mar 2nd, 2023 at 18.329728
The intermediate-term trend has been UP since Nov 3rd, 2023 at 17.721580
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).