Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for JPYMYR
The long term trend has been DOWN since Nov 5th, 2019 at 0.03792900
The intermediate term trend has been UP since Jan 5th, 2020 at 0.03801069
The short term trend has been DOWN since Jan 7th, 2020 at 0.03774707
Smart Scan Analysis for JPYMYR
Based on a pre-defined weighted trend formula for chart analysis, JPYMYR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).