Forex Trend Analysis Report
Prepared for you on Wednesday, September 20, 2017.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.
MarketClub’s Trade Triangles for IDRMYR
The long term trend has been UP since Aug 24th, 2017 at 0.03267
The intermediate term trend has been DOWN since Aug 28th, 2017 at 0.03199
The short term trend has been DOWN since Sep 13th, 2017 at 0.03177
Smart Scan Analysis for IDRMYR
Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).