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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

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 ?

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.

FOREX_INRMYR
Open High Low INRMYR Price Change
0.05794714 0.05815283 0.05788900 0.05791489 -0.00003200
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term down The long-term trend has been DOWN since Nov 7th, 2019 at 0.05768900

intermediate term up The intermediate-term trend has been UP since Feb 3rd, 2020 at 0.05755025

short term up The short-term trend has been UP since Feb 17th, 2020 at 0.05813122

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).

+60
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05794714 0.05815283 0.05788900 0.05791489 -0.00003200
Prev. Close Volume Bid Ask Time
0.05794714 0.05787995 0.05794983 2020-02-17 19:39:54
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