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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)

Weak Downtrend (-65) - IDRMYR is showing signs of a strengthening downtrend. Monitor IDRMYR as it may be building momentum to the downside.

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

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

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

FOREX_IDRMYR
Open High Low IDRMYR Price Change
0.00029521 0.00029532 0.00029512 0.00029512 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRMYR

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 0.00029594

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.00029937

short term up The short-term trend has been UP since May 1st, 2024 at 0.00029463

Smart Scan Analysis for IDRMYR

Based on our trend formula, IDRMYR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for IDRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00029521 0.00029532 0.00029512 0.00029512 0.00000000
Prev. Close Volume Bid Ask Time
0.00029521 2024-05-09 01:35:54
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