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Forex Trend Analysis Report

Prepared for you on Thursday, January 20, 2022.

Malaysian Ringt/Indonesian Rupiah (FOREX:MYRIDR)

Long-Term Uptrend (+90) - MYRIDR is in a strong uptrend that is likely to continue. While MYRIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
3429.8650 3431.5060 3422.6708 3426.0511 -3.8139
Entry Signal

MarketClub’s Trade Triangles for MYRIDR

long term up The long-term trend has been UP since Nov 3rd, 2021 at 3458.1645

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2022 at 3431.0673

short term up The short-term trend has been UP since Jan 11th, 2022 at 3417.3509

Smart Scan Analysis for MYRIDR

Based on our trend formula, MYRIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MYRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3429.8650 3431.5060 3422.6708 3426.0511 -3.8139
Prev. Close Volume Bid Ask Time
3429.8650 2022-01-20 03:09:41
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