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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Malaysian Ringt/Indian Rupee (FOREX:MYRINR)
Countertrend Down (-85) - MYRINR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for MYRINR
The long-term trend has been DOWN since Feb 13th, 2024 at 17.320435
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 17.489455
The short-term trend has been UP since Apr 23rd, 2024 at 17.504754
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.425090 | 17.516249 | 17.406841 | 17.499165 | +0.074075 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.425090 | 2024-04-23 16:30:42 |