Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
Malaysian Ringt/Indian Rupee (FOREX:MYRINR)
Weak Downtrend (-65) - MYRINR is showing signs of a strengthening downtrend. Monitor MYRINR as it may be building momentum to the downside.
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 18th, 2020 at 16.900113
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 16.900113
The short-term trend has been DOWN since Mar 31st, 2020 at 17.257560
Smart Scan Analysis for MYRINR
Based on our trend formula, MYRINR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).