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Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2025.
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.
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MarketClub’s Trade Triangles for MYRINR
The long-term trend has been UP since May 15th, 2024 at 17.805631
The intermediate-term trend has been UP since Jan 6th, 2025 at 19.149747
The short-term trend has been UP since Jan 20th, 2025 at 19.275985
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.424734 | 19.430132 | 19.418688 | 19.418688 | -0.006046 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.424734 | 2025-01-23 00:13:29 |