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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)

Strong Downtrend (-100) - IDRMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, IDRMYR continues to fall. Traders should use caution and set stops.

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.

FOREX_IDRMYR
Open High Low IDRMYR Price Change
0.00028766 0.00028766 0.00028646 0.00028646 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for IDRMYR

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 0.00029594

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.00029937

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.00028887

Smart Scan Analysis for IDRMYR

Based on our trend formula, IDRMYR is rated as a -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
0.00028766 0.00028766 0.00028646 0.00028646 -0.00000100
Prev. Close Volume Bid Ask Time
0.00028766 2024-06-14 16:05:01
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