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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Weak Downtrend (-65) - INRMYR is showing signs of a strengthening downtrend. Monitor INRMYR as it may be building momentum to the downside.

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
0.05638177 0.05638452 0.05637444 0.05638452 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term up The long-term trend has been UP since Feb 4th, 2024 at 0.05733861

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2024 at 0.05666893

short term down The short-term trend has been DOWN since Jun 19th, 2024 at 0.05641526

Smart Scan Analysis for INRMYR

Based on our trend formula, INRMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05638177 0.05638452 0.05637444 0.05638452 +0.00000300
Prev. Close Volume Bid Ask Time
0.05638177 2024-06-20 03:46:40
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