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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

Malaysian Ringt/Indian Rupee (FOREX:MYRINR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MYRINR
Open High Low MYRINR Price Change
17.5025 17.5315 17.4345 17.5065 +0.0040
Entry Signal

MarketClub’s Trade Triangles for MYRINR

long term down The long term trend has been DOWN since Nov 29th, 2018 at 16.7030

intermediate term up The intermediate term trend has been UP since Dec 10th, 2018 at 17.2760

short term up The short term trend has been UP since Feb 14th, 2019 at 17.4845

Smart Scan Analysis for MYRINR

Based on a pre-defined weighted trend formula for chart analysis, MYRINR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for MYRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.5025 17.5315 17.4345 17.5065 +0.0040
Prev. Close Volume Bid Ask Time
17.5025 17.4890 17.5240 2019-02-15 18:24:50
Want to analyze Malaysian Ringt/Indian Rupee MYRINR or another symbol? Try our Free Forex Trend Analysis Report.