Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Bull Market Weakness (+75) - IDRMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRMYR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for IDRMYR
The long-term trend has been UP since May 7th, 2021 at 0.00029091
The intermediate-term trend has been UP since Sep 19th, 2021 at 0.00029372
The short-term trend has been UP since Oct 21st, 2021 at 0.00029589
Smart Scan Analysis for IDRMYR
Based on our trend formula, IDRMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).