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Forex Trend Analysis Report

Prepared for you on Friday, April 3, 2020.

Malaysian Ringt/Indian Rupee (FOREX:MYRINR)

Weak Downtrend (-65) - MYRINR is showing signs of a strengthening downtrend. Monitor MYRINR as it may be building momentum to the downside.

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
17.337018 17.538887 17.225421 17.496813 +0.159795
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term down The long-term trend has been DOWN since Mar 18th, 2020 at 16.900113

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 16.900113

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 17.257560

Smart Scan Analysis for MYRINR

Based on our trend formula, MYRINR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.337018 17.538887 17.225421 17.496813 +0.159795
Prev. Close Volume Bid Ask Time
17.337018 17.479813 17.513812 2020-04-03 17:10:35
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