Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)
Bull Market Weakness (+75) - MYRJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRJPY as it may be in the beginning stages of a reversal.
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 DOWN since Feb 28th, 2020 at 25.830651
The intermediate-term trend has been UP since May 1st, 2020 at 25.229812
The short-term trend has been UP since May 26th, 2020 at 24.757905
Smart Scan Analysis for MYRJPY
Based on our trend formula, MYRJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).