Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)
Countertrend Up (+85) - MYRIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for MYRIDR
The long-term trend has been UP since Feb 2nd, 2025 at 3713.8120
The intermediate-term trend has been UP since Mar 11th, 2025 at 3728.8784
The short-term trend has been DOWN since May 7th, 2025 at 3864.1323
Smart Scan Analysis for MYRIDR
Based on our trend formula, MYRIDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3826.1000 | 3857.8158 | 3822.9167 | 3852.7228 | +26.6228 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3826.1000 | 2025-05-09 07:12:00 |