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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.

FOREX_MYRJPY
Open High Low MYRJPY Price Change
24.741152 24.796089 24.711135 24.786685 +0.045533
Entry Signal

MarketClub’s Trade Triangles for MYRJPY

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 25.830651

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 25.229812

short term up 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).

+70
Smart Scan Analysis for MYRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.741152 24.796089 24.711135 24.786685 +0.045533
Prev. Close Volume Bid Ask Time
24.741152 24.785134 24.788235 2020-05-31 22:06:06
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