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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Weak Uptrend (+65) - INRMYR is showing signs of weakening momentum to the upside. Monitor INRMYR as it may be in the beginning stages of a reversal.

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.

FOREX_INRMYR
Open High Low INRMYR Price Change
0.05590848 0.05593382 0.05590848 0.05593244 +0.00002400
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term up The long-term trend has been UP since Apr 25th, 2022 at 0.05684846

intermediate term up The intermediate-term trend has been UP since Jul 29th, 2022 at 0.05603104

short term down The short-term trend has been DOWN since Aug 11th, 2022 at 0.05594698

Smart Scan Analysis for INRMYR

Based on our trend formula, INRMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05590848 0.05593382 0.05590848 0.05593244 +0.00002400
Prev. Close Volume Bid Ask Time
0.05590848 2022-08-15 01:40:26
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