Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)
Countertrend Down (-85) - JPYMYR 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 JPYMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYMYR
The long-term trend has been DOWN since Oct 10th, 2021 at 0.03726861
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.03757938
The short-term trend has been UP since Oct 21st, 2021 at 0.03651635
Smart Scan Analysis for JPYMYR
Based on our trend formula, JPYMYR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).