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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.

FOREX_MYRIDR
Open High Low MYRIDR Price Change
3303.1407 3303.1407 3293.2692 3293.2692 -9.8715
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term down The long-term trend has been DOWN since Jan 23rd, 2020 at 3341.7880

intermediate term down The intermediate-term trend has been DOWN since Jan 13th, 2020 at 3367.1651

short term down 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).

-100
Smart Scan Analysis for MYRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3303.1407 3303.1407 3293.2692 3293.2692 -9.8715
Prev. Close Volume Bid Ask Time
3303.1407 3292.1563 3294.3821 2020-02-17 17:08:23
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