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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)
Sidelines Mode (-55) - IDRMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for IDRMYR
The long-term trend has been DOWN since Feb 27th, 2025 at 0.00026944
The intermediate-term trend has been DOWN since Jan 15th, 2025 at 0.00027474
The short-term trend has been UP since May 5th, 2025 at 0.00026103
Smart Scan Analysis for IDRMYR
Based on our trend formula, IDRMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00025892 | 0.00026152 | 0.00025873 | 0.00026152 | +0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00025892 | 2025-05-08 22:44:39 |