Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for INRMYR
The long term trend has been DOWN since Aug 5th, 2019 at 0.058728
The intermediate term trend has been DOWN since Jul 21st, 2019 at 0.059574
The short term trend has been UP since Sep 18th, 2019 at 0.058723
Smart Scan Analysis for INRMYR
Based on a pre-defined weighted trend formula for chart analysis, INRMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).