Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)
Bull Market Weakness (+75) - MYRIDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRIDR as it may be in the beginning stages of a reversal.
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 DOWN since Nov 9th, 2020 at 3430.7383
The intermediate-term trend has been UP since Dec 1st, 2020 at 3471.7642
The short-term trend has been UP since Dec 1st, 2020 at 3471.7642
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).