Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)
Long-Term Uptrend (+90) - MYRJPY is in a strong uptrend that is likely to continue. While MYRJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for MYRJPY
The long-term trend has been UP since Jun 5th, 2020 at 25.927085
The intermediate-term trend has been UP since Jan 4th, 2021 at 25.733731
The short-term trend has been UP since Feb 24th, 2021 at 26.146090
Smart Scan Analysis for MYRJPY
Based on our trend formula, MYRJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).