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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)

Strong Downtrend (-100) - MYRIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MYRIDR continues to fall. Traders should use caution and set stops.

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
3405.0633 3409.8472 3396.9474 3399.1295 -5.9338
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term down The long-term trend has been DOWN since Sep 21st, 2022 at 0.66525482

intermediate term down The intermediate-term trend has been DOWN since Mar 29th, 2023 at 3387.04830000

short term down The short-term trend has been DOWN since Mar 28th, 2023 at 3411.71620000

Smart Scan Analysis for MYRIDR

Based on our trend formula, MYRIDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MYRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3405.0633 3409.8472 3396.9474 3399.1295 -5.9338
Prev. Close Volume Bid Ask Time
3405.0633 2023-03-30 13:43:03
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