Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Malaysian Ringt/Indian Rupee (FOREX:MYRINR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MYRINR
The long term trend has been UP since Aug 5th, 2019 at 16.965000
The intermediate term trend has been DOWN since Feb 3rd, 2020 at 17.342947
The short term trend has been UP since Feb 14th, 2020 at 17.261543
Smart Scan Analysis for MYRINR
Based on a pre-defined weighted trend formula for chart analysis, MYRINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).