Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jul 1st, 2019 at 0.060107
The short term trend has been DOWN since Jul 11th, 2019 at 0.060043
Smart Scan Analysis for INRMYR
Based on a pre-defined weighted trend formula for chart analysis, INRMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).