Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Mar 27th, 2018 at 0.028260
The intermediate term trend has been DOWN since Aug 15th, 2018 at 0.027878
The short term trend has been UP since Aug 16th, 2018 at 0.028127
Smart Scan Analysis for IDRMYR
Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).