Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
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.
MarketClub’s Trade Triangles for MYRINR
The long-term trend has been UP since Aug 19th, 2020 at 17.969484
The intermediate-term trend has been UP since Feb 26th, 2021 at 18.125717
The short-term trend has been UP since Feb 25th, 2021 at 17.977091
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).