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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)
Sidelines Mode (-55) - MYRJPY 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 MYRJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRJPY
The long-term trend has been UP since Sep 24th, 2024 at 34.530995
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 34.555986
The short-term trend has been UP since Nov 20th, 2024 at 34.766485
Smart Scan Analysis for MYRJPY
Based on our trend formula, MYRJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.671674 | 34.699432 | 34.343349 | 34.451625 | -0.220049 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.671674 | 2024-11-21 06:44:16 |