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Forex Trend Analysis Report

Prepared for you on Thursday, January 20, 2022.

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
17.746109 17.792796 17.703110 17.733215 -0.012894
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term down The long-term trend has been DOWN since Jan 10th, 2022 at 17.590618

intermediate term down The intermediate-term trend has been DOWN since Dec 31st, 2021 at 17.762033

short term down The short-term trend has been DOWN since Jan 20th, 2022 at 17.703962

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
17.746109 17.792796 17.703110 17.733215 -0.012894
Prev. Close Volume Bid Ask Time
17.746109 2022-01-20 17:24:17
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