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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)

Crossroads (-60) - JPYMYR 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 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.

FOREX_JPYMYR
Open High Low JPYMYR Price Change
0.03258214 0.03268545 0.03258214 0.03267506 +0.00009300
Entry Signal

MarketClub’s Trade Triangles for JPYMYR

long term up The long-term trend has been UP since Dec 19th, 2022 at 0.03314359

intermediate term down The intermediate-term trend has been DOWN since Jan 26th, 2023 at 0.03274029

short term down The short-term trend has been DOWN since Jan 18th, 2023 at 0.03356296

Smart Scan Analysis for JPYMYR

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

-60
Smart Scan Analysis for JPYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03258214 0.03268545 0.03258214 0.03267506 +0.00009300
Prev. Close Volume Bid Ask Time
0.03258214 2023-01-27 19:35:28
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