Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)

Countertrend Down (-85) - MYRJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_MYRJPY
Open High Low MYRJPY Price Change
29.609032 29.616597 29.196209 29.390868 -0.218164
Entry Signal

MarketClub’s Trade Triangles for MYRJPY

long term down The long-term trend has been DOWN since Dec 19th, 2022 at 30.099855

intermediate term down The intermediate-term trend has been DOWN since Mar 9th, 2023 at 30.220657

short term up The short-term trend has been UP since Mar 15th, 2023 at 30.183474

Smart Scan Analysis for MYRJPY

Based on our trend formula, MYRJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MYRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.609032 29.616597 29.196209 29.390868 -0.218164
Prev. Close Volume Bid Ask Time
29.609032 2023-03-20 17:59:56
Get a free daily analysis and signals for Malaysian Ringt/Japanese Yen (MYRJPY) - Request Your Free Report.