Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 UP since Jul 14th, 2019 at 0.029427
The short term trend has been DOWN since Jul 22nd, 2019 at 0.029395
Smart Scan Analysis for IDRMYR
Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).