Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 0.028316
The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.028774
The short term trend has been DOWN since Feb 7th, 2019 at 0.029141
Smart Scan Analysis for IDRMYR
Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).