Forex Trend Analysis Report
Prepared for you on Thursday, January 20, 2022.
Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)
Long-Term Uptrend (+90) - MYRIDR is in a strong uptrend that is likely to continue. While MYRIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MYRIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRIDR
The long-term trend has been UP since Nov 3rd, 2021 at 3458.1645
The intermediate-term trend has been UP since Jan 4th, 2022 at 3431.0673
The short-term trend has been UP since Jan 11th, 2022 at 3417.3509
Smart Scan Analysis for MYRIDR
Based on our trend formula, MYRIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).