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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.

FOREX_MYRIDR
Open High Low MYRIDR Price Change
3449.1246 3449.1246 3449.1246 3449.1246 0.0000
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term up The long-term trend has been UP since Feb 16th, 2021 at 3521.3647

intermediate term down The intermediate-term trend has been DOWN since May 10th, 2021 at 3473.8180

short term down 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).

-70
Smart Scan Analysis for MYRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3449.1246 3449.1246 3449.1246 3449.1246 0.0000
Prev. Close Volume Bid Ask Time
3449.1246 2021-05-15 10:32:10
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