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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)

Long-Term Downtrend (-90) - MYRJPY is in a strong downtrend that is likely to continue. While MYRJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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
30.818021 30.992376 30.766023 30.991920 +0.173899
Entry Signal

MarketClub’s Trade Triangles for MYRJPY

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 31.178775

intermediate term down The intermediate-term trend has been DOWN since Nov 27th, 2023 at 31.724755

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 31.861162

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).

-90
Smart Scan Analysis for MYRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.818021 30.992376 30.766023 30.991920 +0.173899
Prev. Close Volume Bid Ask Time
30.818021 2023-12-08 23:51:41
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