Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Japanese Yen/Malaysian Ringt (FOREX:JPYMYR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 UP since May 7th, 2019 at 0.037634
The intermediate term trend has been DOWN since Sep 5th, 2019 at 0.039108
The short term trend has been DOWN since Sep 4th, 2019 at 0.039564
Smart Scan Analysis for JPYMYR
Based on a pre-defined weighted trend formula for chart analysis, JPYMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).