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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_MYRJPY
Open High Low MYRJPY Price Change
27.1810 27.1940 27.1140 27.1265 -0.0545
Entry Signal

MarketClub’s Trade Triangles for MYRJPY

long term down The long term trend has been DOWN since Mar 1st, 2018 at 27.134

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2018 at 27.300

short term down The short term trend has been DOWN since Dec 12th, 2018 at 26.954

Smart Scan Analysis for MYRJPY

Based on a pre-defined weighted trend formula for chart analysis, MYRJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for MYRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.1810 27.1940 27.1140 27.1265 -0.0545
Prev. Close Volume Bid Ask Time
27.1810 27.1250 27.1280 2018-12-13 03:55:25
Want to analyze Malaysian Ringt/Japanese Yen MYRJPY or another symbol? Try our Free Forex Trend Analysis Report.