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.
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 UP since Oct 3rd, 2019 at 0.029963
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).