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Forex Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

Indonesian Rupiah/Malaysian Ringt (FOREX:IDRMYR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
0.028780 0.028903 0.028780 0.028903 +0.000123
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 down The intermediate term trend has been DOWN since May 16th, 2019 at 0.028636

short term down The short term trend has been DOWN since May 14th, 2019 at 0.028709

Smart Scan Analysis for IDRMYR

Based on a pre-defined weighted trend formula for chart analysis, IDRMYR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for IDRMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.028780 0.028903 0.028780 0.028903 +0.000123
Prev. Close Volume Bid Ask Time
0.028780 0.028886 0.028920 2019-05-19 21:26:38
Want to analyze Indonesian Rupiah/Malaysian Ringt IDRMYR or another symbol? Try our Free Forex Trend Analysis Report.