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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)

Weak Downtrend (-65) - IDRMYR is showing signs of a strengthening downtrend. Monitor IDRMYR as it may be building momentum to the downside.

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.

FOREX_IDRMYR
Open High Low IDRMYR Price Change
0.00028748 0.00028748 0.00028658 0.00028661 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for IDRMYR

long term up The long-term trend has been UP since Nov 5th, 2020 at 0.02906164

intermediate term down The intermediate-term trend has been DOWN since Nov 17th, 2020 at 0.02803480

short term down The short-term trend has been DOWN since Nov 26th, 2020 at 0.00028722

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).

-70
Smart Scan Analysis for IDRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00028748 0.00028748 0.00028658 0.00028661 -0.00000100
Prev. Close Volume Bid Ask Time
0.00028748 2020-12-03 03:31:59
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