Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)
Bull Market Weakness (+75) - JPYMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYMYR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid JPYMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYMYR
The long-term trend has been DOWN since Jun 29th, 2023 at 0.03237129
The intermediate-term trend has been UP since Nov 28th, 2023 at 0.03162974
The short-term trend has been UP since Nov 27th, 2023 at 0.03143614
Smart Scan Analysis for JPYMYR
Based on our trend formula, JPYMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).