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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)

Crossroads (-60) - IDRMYR 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 IDRMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IDRMYR
Open High Low IDRMYR Price Change
0.00028407 0.00028436 0.00028382 0.00028390 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRMYR

long term up The long-term trend has been UP since Nov 5th, 2020 at 0.02906164

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.00028613

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.00028485

Smart Scan Analysis for IDRMYR

Based on our trend formula, IDRMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for IDRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00028407 0.00028436 0.00028382 0.00028390 0.00000000
Prev. Close Volume Bid Ask Time
0.00028407 2021-03-01 03:47:06
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