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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2019.

Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_IDRMYR
Open High Low IDRMYR Price Change
0.029482 0.029531 0.029466 0.029531 +0.000049
Entry Signal

MarketClub’s Trade Triangles for IDRMYR

long term up The long term trend has been UP since Nov 7th, 2018 at 0.028316

intermediate term up The intermediate term trend has been UP since Jul 14th, 2019 at 0.029427

short term up The short term trend has been UP since Jul 12th, 2019 at 0.029407

Smart Scan Analysis for IDRMYR

Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for IDRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.029482 0.029531 0.029466 0.029531 +0.000049
Prev. Close Volume Bid Ask Time
0.029482 0.029513 0.029549 2019-07-22 04:22:46
Want to analyze Indonesian Rupiah/Malaysian Ringt IDRMYR or another symbol? Try our Free Forex Trend Analysis Report.