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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)

Strong Uptrend (+100) - MYRIDR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRIDR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
3478.1456 3497.6670 3459.5950 3493.1666 +15.0210
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 up The intermediate-term trend has been UP since Mar 18th, 2024 at 3340.1800

short term up The short-term trend has been UP since Jun 13th, 2024 at 3462.6020

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
3478.1456 3497.6670 3459.5950 3493.1666 +15.0210
Prev. Close Volume Bid Ask Time
3478.1456 2024-06-14 17:02:18
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