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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2024.

Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)

Bear Market Rally (-75) - JPYMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYMYR as it may be in the beginning of a reversal.

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
0.02908494 0.02911058 0.02904822 0.02909484 +0.00001000
Entry Signal

MarketClub’s Trade Triangles for JPYMYR

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.03138584

intermediate term up The intermediate-term trend has been UP since Dec 1st, 2024 at 0.02963653

short term down The short-term trend has been DOWN since Dec 4th, 2024 at 0.02959898

Smart Scan Analysis for JPYMYR

Based on our trend formula, JPYMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for JPYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02908494 0.02911058 0.02904822 0.02909484 +0.00001000
Prev. Close Volume Bid Ask Time
0.02908494 2024-12-12 03:00:28
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