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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)
Sidelines Mode (+55) - MYRIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MYRIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRIDR.
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 MYRIDR
The long-term trend has been UP since Apr 16th, 2024 at 3395.8977
The intermediate-term trend has been UP since Mar 18th, 2024 at 3340.1800
The short-term trend has been DOWN since May 1st, 2024 at 3395.9098
Smart Scan Analysis for MYRIDR
Based on our trend formula, MYRIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3388.0008 | 3391.7080 | 3381.7077 | 3382.8362 | -5.1646 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3388.0008 | 2024-05-09 12:12:30 |