Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.
MarketClub’s Trade Triangles for MYRIDR
The long term trend has been DOWN since Aug 2nd, 2019 at 3381.3500
The intermediate term trend has been UP since Nov 5th, 2019 at 3387.4336
The short term trend has been DOWN since Nov 15th, 2019 at 3387.8382
Smart Scan Analysis for MYRIDR
Based on a pre-defined weighted trend formula for chart analysis, MYRIDR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).