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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Long-Term Uptrend (+90) - INRMYR is in a strong uptrend that is likely to continue. While INRMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.05585347 0.05592437 0.05581494 0.05582004 -0.00003300
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term up The long-term trend has been UP since Mar 5th, 2021 at 0.05591185

intermediate term up The intermediate-term trend has been UP since Mar 5th, 2021 at 0.05591185

short term up The short-term trend has been UP since Mar 3rd, 2021 at 0.05538856

Smart Scan Analysis for INRMYR

Based on our trend formula, INRMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05585347 0.05592437 0.05581494 0.05582004 -0.00003300
Prev. Close Volume Bid Ask Time
0.05585347 2021-03-05 04:50:19
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