Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Weak Downtrend (-65) - INRMYR is showing signs of a strengthening downtrend. Monitor INRMYR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for INRMYR
The long-term trend has been UP since Mar 1st, 2023 at 0.05442074
The intermediate-term trend has been DOWN since Nov 5th, 2023 at 0.05643351
The short-term trend has been DOWN since Dec 4th, 2023 at 0.05584649
Smart Scan Analysis for INRMYR
Based on our trend formula, INRMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).