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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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
0.05594427 0.05594427 0.05583800 0.05591214 -0.00003200
Entry Signal

MarketClub’s Trade Triangles for INRMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 0.05442074

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2023 at 0.05643351

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 0.05584649

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
0.05594427 0.05594427 0.05583800 0.05591214 -0.00003200
Prev. Close Volume Bid Ask Time
0.05594427 2023-12-04 03:32:54
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