Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)
Crossroads (+60) - MYRIDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for MYRIDR
The long-term trend has been DOWN since Apr 19th, 2022 at 3337.7089
The intermediate-term trend has been UP since Jun 13th, 2022 at 3347.6277
The short-term trend has been UP since Jun 28th, 2022 at 3377.3735
Smart Scan Analysis for MYRIDR
Based on our trend formula, MYRIDR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).