Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for INRMYR
The long term trend has been UP since Nov 25th, 2018 at 0.059639
The intermediate term trend has been UP since Mar 5th, 2019 at 0.057855
The short term trend has been UP since Mar 4th, 2019 at 0.057550
Smart Scan Analysis for INRMYR
Based on a pre-defined weighted trend formula for chart analysis, INRMYR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).