Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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.
MarketClub’s Trade Triangles for JPYMYR
The long-term trend has been UP since Feb 18th, 2020 at 0.03863576
The intermediate-term trend has been UP since Jan 5th, 2020 at 0.03801069
The short-term trend has been DOWN since May 26th, 2020 at 0.04036072
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).