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Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)

Weak Uptrend (+65) - MYRIDR is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_MYRIDR
Open High Low MYRIDR Price Change
3575.2997 3586.2798 3569.8400 3579.7797 +4.4800
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term up The long-term trend has been UP since Apr 16th, 2024 at 3395.8977

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2024 at 3568.1274

short term up The short-term trend has been UP since Dec 3rd, 2024 at 3575.7439

Smart Scan Analysis for MYRIDR

Based on our trend formula, MYRIDR is rated as a +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
3575.2997 3586.2798 3569.8400 3579.7797 +4.4800
Prev. Close Volume Bid Ask Time
3575.2997 2024-12-04 03:24:11
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