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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)

Bull Market Weakness (+75) - MYRIDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRIDR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid MYRIDR?

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.

FOREX_MYRIDR
Open High Low MYRIDR Price Change
3452.2893 3467.3528 3445.5509 3464.5652 +12.2759
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term up The long-term trend has been UP since Apr 16th, 2024 at 3395.8977

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 3449.7399

short term up The short-term trend has been UP since Jul 15th, 2024 at 3463.8690

Smart Scan Analysis for MYRIDR

Based on our trend formula, MYRIDR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for MYRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3452.2893 3467.3528 3445.5509 3464.5652 +12.2759
Prev. Close Volume Bid Ask Time
3452.2893 2024-07-17 18:30:10
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