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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.

FOREX_MYRINR
Open High Low MYRINR Price Change
17.833094 17.964205 17.804833 17.944456 +0.111362
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term down The long-term trend has been DOWN since Mar 4th, 2021 at 17.843153

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2021 at 17.843153

short term down 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).

-90
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.833094 17.964205 17.804833 17.944456 +0.111362
Prev. Close Volume Bid Ask Time
17.833094 2021-03-05 17:01:01
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