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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.

FOREX_IDRMYR
Open High Low IDRMYR Price Change
0.028140 0.028140 0.028140 0.028140 0.000000
Entry Signal

MarketClub’s Trade Triangles for IDRMYR

long term down The long term trend has been DOWN since Mar 27th, 2018 at 0.028260

intermediate term down The intermediate term trend has been DOWN since Aug 15th, 2018 at 0.027878

short term up 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).

-85
Smart Scan Analysis for IDRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.028140 0.028140 0.028140 0.028140 0.000000
Prev. Close Volume Bid Ask Time
0.028140 0.028123 0.028157 2018-08-19 01:26:29
Want to analyze Indonesian Rupiah/Malaysian Ringt IDRMYR or another symbol? Try our Free Forex Trend Analysis Report.