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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)

Strong Downtrend (-100) - JPYMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, JPYMYR continues to fall. Traders should use caution and set stops.

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.

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FOREX_JPYMYR
Open High Low JPYMYR Price Change
0.02950675 0.02950675 0.02947448 0.02947448 -0.00003200
Entry Signal

MarketClub’s Trade Triangles for JPYMYR

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.03138584

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.03138584

short term down The short-term trend has been DOWN since Jun 7th, 2024 at 0.03004770

Smart Scan Analysis for JPYMYR

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

-100
Smart Scan Analysis for JPYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02950675 0.02950675 0.02947448 0.02947448 -0.00003200
Prev. Close Volume Bid Ask Time
0.02950675 2024-06-25 13:26:32
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