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.
MarketClub’s Trade Triangles for MYRIDR
The long-term trend has been DOWN since Oct 15th, 2021 at 3368.8536
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 3397.2511
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).