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Forex Trend Analysis Report

Prepared for you on Wednesday, November 25, 2020.

Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)

Strong Downtrend (-100) - JPYMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.

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FOREX_JPYMYR
Open High Low JPYMYR Price Change
0.03912049 0.03915380 0.03911342 0.03913502 +0.00001500
Entry Signal

MarketClub’s Trade Triangles for JPYMYR

long term down The long-term trend has been DOWN since Nov 9th, 2020 at 0.03903554

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.03922662

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 0.03935462

Smart Scan Analysis for JPYMYR

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

-100
Smart Scan Analysis for JPYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03912049 0.03915380 0.03911342 0.03913502 +0.00001500
Prev. Close Volume Bid Ask Time
0.03912049 2020-11-25 04:08:39
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