Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Weak Downtrend (-65) - IDRMYR is showing signs of a strengthening downtrend. Monitor IDRMYR as it may be building momentum to the downside.
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 Nov 17th, 2020 at 0.02803480
The short-term trend has been DOWN since Nov 26th, 2020 at 0.00028722
Smart Scan Analysis for IDRMYR
Based on our trend formula, IDRMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).