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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Malaysian Ringt/Indian Rupee (FOREX:MYRINR)

Long-Term Uptrend (+90) - MYRINR is in a strong uptrend that is likely to continue. While MYRINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid MYRINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRINR
Open High Low MYRINR Price Change
17.934935 17.935132 17.930797 17.932176 -0.002759
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term up The long-term trend has been UP since May 15th, 2024 at 17.805631

intermediate term up The intermediate-term trend has been UP since Jul 11th, 2024 at 17.814538

short term up The short-term trend has been UP since Jul 1st, 2024 at 17.723210

Smart Scan Analysis for MYRINR

Based on our trend formula, MYRINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.934935 17.935132 17.930797 17.932176 -0.002759
Prev. Close Volume Bid Ask Time
17.934935 2024-07-15 02:09:31
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