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.
MarketClub’s Trade Triangles for JPYMYR
The long-term trend has been UP since Dec 19th, 2022 at 0.03314359
The intermediate-term trend has been DOWN since Jan 26th, 2023 at 0.03274029
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).