Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)
Strong Downtrend (-100) - MYRIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRIDR
The long-term trend has been DOWN since Jan 23rd, 2020 at 3341.7880
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 3367.1651
The short-term trend has been DOWN since Feb 17th, 2020 at 3298.4235
Smart Scan Analysis for MYRIDR
Based on our trend formula, MYRIDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).