Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for IDRMYR
The long term trend has been UP since Nov 7th, 2018 at 0.02831600
The intermediate term trend has been DOWN since Nov 5th, 2019 at 0.02943703
The short term trend has been UP since Dec 5th, 2019 at 0.02965801
Smart Scan Analysis for IDRMYR
Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).