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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)

Crossroads (-60) - MYRJPY is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_MYRJPY
Open High Low MYRJPY Price Change
33.565234 33.575927 33.457034 33.539435 -0.025799
Entry Signal

MarketClub’s Trade Triangles for MYRJPY

long term up The long-term trend has been UP since Mar 1st, 2024 at 31.753782

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 33.775665

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 34.101572

Smart Scan Analysis for MYRJPY

Based on our trend formula, MYRJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MYRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.565234 33.575927 33.457034 33.539435 -0.025799
Prev. Close Volume Bid Ask Time
33.565234 2024-07-18 06:19:26
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