Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
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.
MarketClub’s Trade Triangles for MYRIDR
The long term trend has been UP since Apr 26th, 2019 at 3515.60
The intermediate term trend has been DOWN since Jun 24th, 2019 at 3402.30
The short term trend has been DOWN since Jul 12th, 2019 at 3406.15
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).