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.
MarketClub’s Trade Triangles for INRMYR
The long-term trend has been DOWN since Nov 7th, 2019 at 0.05768900
The intermediate-term trend has been UP since Feb 3rd, 2020 at 0.05755025
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).