Free Daily Analysis

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.

FOREX_MYRINR
Open High Low MYRINR Price Change
18.047273 18.068629 18.001864 18.027343 -0.019930
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term up The long-term trend has been UP since Oct 11th, 2021 at 18.013456

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2021 at 17.823836

short term down 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).

+85
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.047273 18.068629 18.001864 18.027343 -0.019930
Prev. Close Volume Bid Ask Time
18.047273 2021-10-15 16:58:14
Get a free daily analysis and signals for Malaysian Ringt/Indian Rupee (MYRINR) - Request Your Free Report.