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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.

FOREX_MYRIDR
Open High Low MYRIDR Price Change
3464.1334 3469.4818 3464.1334 3469.4818 +5.3484
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term down The long-term trend has been DOWN since Nov 9th, 2020 at 3430.7383

intermediate term up The intermediate-term trend has been UP since Dec 1st, 2020 at 3471.7642

short term up 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).

+70
Smart Scan Analysis for MYRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3464.1334 3469.4818 3464.1334 3469.4818 +5.3484
Prev. Close Volume Bid Ask Time
3464.1334 2020-12-03 14:50:15
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