Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
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.
MarketClub’s Trade Triangles for IDRMYR
The long term trend has been DOWN since Mar 27th, 2018 at 0.028260
The intermediate term trend has been UP since May 8th, 2018 at 0.028360
The short term trend has been UP since May 22nd, 2018 at 0.028175
Smart Scan Analysis for IDRMYR
Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).