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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

Malaysian Ringt/Indian Rupee (FOREX:MYRINR)

Sidelines Mode (+55) - MYRINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
17.735871 17.736861 17.730529 17.733893 -0.001978
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term up The long-term trend has been UP since May 15th, 2024 at 17.805631

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 17.597384

short term up The short-term trend has been UP since Jun 24th, 2024 at 17.772586

Smart Scan Analysis for MYRINR

Based on our trend formula, MYRINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.735871 17.736861 17.730529 17.733893 -0.001978
Prev. Close Volume Bid Ask Time
17.735871 2024-06-25 00:47:03
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