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Forex Trend Analysis Report

Prepared for you on Wednesday, September 18, 2019.

Indian Rupee/Malaysian Ringt (FOREX:INRMYR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

FOREX_INRMYR
Open High Low INRMYR Price Change
0.058544 0.058781 0.058515 0.058732 +0.000188
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term down The long term trend has been DOWN since Aug 5th, 2019 at 0.058728

intermediate term down The intermediate term trend has been DOWN since Jul 21st, 2019 at 0.059574

short term up The short term trend has been UP since Sep 18th, 2019 at 0.058723

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).

-55
Smart Scan Analysis for INRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.058544 0.058781 0.058515 0.058732 +0.000188
Prev. Close Volume Bid Ask Time
0.058544 0.058697 0.058767 2019-09-18 07:19:38
Want to analyze Indian Rupee/Malaysian Ringt INRMYR or another symbol? Try our Free Forex Trend Analysis Report.