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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.

FOREX_IDRMYR
Open High Low IDRMYR Price Change
0.02967574 0.02967574 0.02967574 0.02967574 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRMYR

long term up The long term trend has been UP since Nov 7th, 2018 at 0.02831600

intermediate term down The intermediate term trend has been DOWN since Nov 5th, 2019 at 0.02943703

short term up The short term trend has been UP since Dec 5th, 2019 at 0.02965801

Smart Scan Analysis for IDRMYR

Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for IDRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02967574 0.02967574 0.02967574 0.02967574 0.00000000
Prev. Close Volume Bid Ask Time
0.02967574 0.02966504 0.02968644 2019-12-07 14:53:07
Want to analyze Indonesian Rupiah/Malaysian Ringt IDRMYR or another symbol? Try our Free Forex Trend Analysis Report.