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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Long-Term Downtrend (-90) - IDRMYR is in a strong downtrend that is likely to continue. While IDRMYR is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for IDRMYR
The long-term trend has been DOWN since Apr 15th, 2024 at 0.00029594
The intermediate-term trend has been DOWN since Jul 24th, 2024 at 0.00028732
The short-term trend has been DOWN since Jul 14th, 2024 at 0.00028914
Smart Scan Analysis for IDRMYR
Based on our trend formula, IDRMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00028597 | 0.00028677 | 0.00028535 | 0.00028589 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00028597 | 2024-07-26 05:30:45 |