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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)

Sidelines Mode (+55) - JPYMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_JPYMYR
Open High Low JPYMYR Price Change
0.03335721 0.03339695 0.03329918 0.03329918 -0.00005800
Entry Signal

MarketClub’s Trade Triangles for JPYMYR

long term up The long-term trend has been UP since Dec 19th, 2022 at 0.03314359

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2023 at 0.03328270

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 0.03369024

Smart Scan Analysis for JPYMYR

Based on our trend formula, JPYMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for JPYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03335721 0.03339695 0.03329918 0.03329918 -0.00005800
Prev. Close Volume Bid Ask Time
0.03335721 2023-03-30 05:57:18
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