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.
MarketClub’s Trade Triangles for IDRMYR
The long term trend has been UP since Nov 7th, 2018 at 0.028316
The intermediate term trend has been DOWN since May 16th, 2019 at 0.028636
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).