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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
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 DOWN since Mar 4th, 2025 at 33.239741
The intermediate-term trend has been UP since Apr 30th, 2025 at 33.020464
The short-term trend has been DOWN since May 7th, 2025 at 33.780620
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 |
|---|---|---|---|---|
| 33.880521 | 33.880521 | 33.821372 | 33.860425 | -0.020096 |
| Prev. Close | Volume | Bid | Ask | Time |
| 33.880521 | 2025-05-09 07:16:07 |