Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)
Countertrend Down (-85) - MYRJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for MYRJPY
The long-term trend has been DOWN since Dec 19th, 2022 at 30.099855
The intermediate-term trend has been DOWN since Mar 9th, 2023 at 30.220657
The short-term trend has been UP since Mar 15th, 2023 at 30.183474
Smart Scan Analysis for MYRJPY
Based on our trend formula, MYRJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).