Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
Malaysian Ringt/Indian Rupee (FOREX:MYRINR)
Countertrend Up (+85) - MYRINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 11th, 2021 at 18.013456
The intermediate-term trend has been UP since Oct 4th, 2021 at 17.823836
The short-term trend has been DOWN since Oct 15th, 2021 at 18.017291
Smart Scan Analysis for MYRINR
Based on our trend formula, MYRINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).