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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
0.02956589 0.02962571 0.02943703 0.02945696 -0.00010900
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 Oct 3rd, 2019 at 0.029963

short term down The short term trend has been DOWN since Oct 16th, 2019 at 0.029533

Smart Scan Analysis for IDRMYR

Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for IDRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02956589 0.02962571 0.02943703 0.02945696 -0.00010900
Prev. Close Volume Bid Ask Time
0.02956589 0.02943934 0.02947457 2019-10-17 19:46:56
Want to analyze Indonesian Rupiah/Malaysian Ringt IDRMYR or another symbol? Try our Free Forex Trend Analysis Report.