Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Sidelines Mode (-55) - IDRMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 DOWN since Feb 28th, 2020 at 0.02927965
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 0.02974007
The short-term trend has been UP since Apr 5th, 2020 at 0.02653577
Smart Scan Analysis for IDRMYR
Based on our trend formula, IDRMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).