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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
3363.9379 3363.9379 3357.3371 3357.3371 -6.6008
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term up The long term trend has been UP since Jan 3rd, 2020 at 3407.1606

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 3367.1651

short term down The short term trend has been DOWN since Jan 10th, 2020 at 3379.0723

Smart Scan Analysis for MYRIDR

Based on a pre-defined weighted trend formula for chart analysis, MYRIDR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MYRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3363.9379 3363.9379 3357.3371 3357.3371 -6.6008
Prev. Close Volume Bid Ask Time
3363.9379 3306.2418 3408.4323 2020-01-20 12:30:54
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