Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Crossroads (-60) - IDRMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IDRMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRMYR
The long-term trend has been UP since Nov 5th, 2020 at 0.02906164
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.00028613
The short-term trend has been DOWN since Feb 25th, 2021 at 0.00028485
Smart Scan Analysis for IDRMYR
Based on our trend formula, IDRMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).