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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Indian Rupee/Malaysian Ringt (FOREX:INRMYR)
Bear Market Rally (-75) - INRMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRMYR as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for INRMYR
The long-term trend has been DOWN since Jul 28th, 2024 at 0.05546514
The intermediate-term trend has been UP since Dec 20th, 2024 at 0.05300821
The short-term trend has been DOWN since Dec 23rd, 2024 at 0.05271229
Smart Scan Analysis for INRMYR
Based on our trend formula, INRMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05244280 | 0.05248875 | 0.05240165 | 0.05241445 | -0.00002800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05244280 | 2024-12-26 04:54:52 |