Forex Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)
Weak Downtrend (-65) - MYRIDR is showing signs of a strengthening downtrend. Monitor MYRIDR as it may be building momentum to the downside.
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 Feb 16th, 2021 at 3521.3647
The intermediate-term trend has been DOWN since May 10th, 2021 at 3473.8180
The short-term trend has been DOWN since Apr 29th, 2021 at 3533.7480
Smart Scan Analysis for MYRIDR
Based on our trend formula, MYRIDR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).