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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Strong Downtrend (-100) - INRMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

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FOREX_INRMYR
Open High Low INRMYR Price Change
0.05527695 0.05531532 0.05527695 0.05531532 +0.00003800
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term down The long-term trend has been DOWN since Oct 10th, 2021 at 0.05547519

intermediate term down The intermediate-term trend has been DOWN since Aug 25th, 2021 at 0.05663722

short term down The short-term trend has been DOWN since Oct 25th, 2021 at 0.05533470

Smart Scan Analysis for INRMYR

Based on our trend formula, INRMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05527695 0.05531532 0.05527695 0.05531532 +0.00003800
Prev. Close Volume Bid Ask Time
0.05527695 2021-10-25 02:52:58
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