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Forex Trend Analysis Report

Prepared for you on Saturday, November 18, 2017.

Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_IDRMYR
Open High Low IDRMYR Price Change
0.03075 0.03075 0.03075 0.03075 0.00000
Entry Signal

MarketClub’s Trade Triangles for IDRMYR

long term down The long term trend has been DOWN since Nov 9th, 2017 at 0.03102

intermediate term down The intermediate term trend has been DOWN since Nov 9th, 2017 at 0.03102

short term down The short term trend has been DOWN since Nov 7th, 2017 at 0.03130

Smart Scan Analysis for IDRMYR

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

-100
Smart Scan Analysis for IDRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03075 0.03075 0.03075 0.03075 0.00000
Prev. Close Volume Bid Ask Time
0.03075 0.03073 0.03077 2017-11-18 21:53:21
Want to analyze Indonesian Rupiah/Malaysian Ringt IDRMYR or another symbol? Try our Free Forex Trend Analysis Report.