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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)

Long-Term Downtrend (-90) - MYRIDR is in a strong downtrend that is likely to continue. While MYRIDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
3387.2371 3389.9484 3377.7178 3383.6150 -3.6221
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term down The long-term trend has been DOWN since Oct 15th, 2021 at 3368.8536

intermediate term down The intermediate-term trend has been DOWN since Sep 13th, 2021 at 3397.2511

short term down The short-term trend has been DOWN since Oct 14th, 2021 at 3397.6307

Smart Scan Analysis for MYRIDR

Based on our trend formula, MYRIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MYRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3387.2371 3389.9484 3377.7178 3383.6150 -3.6221
Prev. Close Volume Bid Ask Time
3387.2371 2021-10-18 07:09:00
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