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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Crossroads (-60) - INRMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid INRMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRMYR.
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 INRMYR
The long-term trend has been UP since Feb 4th, 2024 at 0.05733861
The intermediate-term trend has been DOWN since May 13th, 2024 at 0.05666893
The short-term trend has been DOWN since Jul 23rd, 2024 at 0.05590055
Smart Scan Analysis for INRMYR
Based on our trend formula, INRMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05565837 | 0.05566434 | 0.05557881 | 0.05562552 | -0.00003300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05565837 | 2024-07-26 05:30:45 |