Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Strong Uptrend (+100) - IDRMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, IDRMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 May 7th, 2021 at 0.00029091
The intermediate-term trend has been UP since Sep 19th, 2021 at 0.00029372
The short-term trend has been UP since Oct 14th, 2021 at 0.00029420
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).