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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2019.

Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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.

FOREX_MYRIDR
Open High Low MYRIDR Price Change
3383.6471 3383.6471 3370.1861 3378.6836 -4.9635
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term down The long term trend has been DOWN since Aug 2nd, 2019 at 3381.3500

intermediate term up The intermediate term trend has been UP since Nov 5th, 2019 at 3387.4336

short term down The short term trend has been DOWN since Nov 15th, 2019 at 3387.8382

Smart Scan Analysis for MYRIDR

Based on a pre-defined weighted trend formula for chart analysis, MYRIDR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for MYRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3383.6471 3383.6471 3370.1861 3378.6836 -4.9635
Prev. Close Volume Bid Ask Time
3383.6471 3328.9216 3428.4456 2019-11-21 21:15:34
Want to analyze Malaysian Ringt/Indonesian Rupiah MYRIDR or another symbol? Try our Free Forex Trend Analysis Report.