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Forex Trend Analysis Report

Prepared for you on Sunday, February 17, 2019.

Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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
3465.05 3465.05 3462.05 3462.05 -3.00
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term down The long term trend has been DOWN since Nov 7th, 2018 at 3521.95

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 3461.75

short term up The short term trend has been UP since Feb 7th, 2019 at 3432.20

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
3465.05 3465.05 3462.05 3462.05 -3.00
Prev. Close Volume Bid Ask Time
3465.05 3412.10 3512.00 2019-02-17 20:49:38
Want to analyze Malaysian Ringt/Indonesian Rupiah MYRIDR or another symbol? Try our Free Forex Trend Analysis Report.