Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
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, JPYMYR 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.
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 DOWN since Jun 29th, 2023 at 0.03237129
The intermediate-term trend has been DOWN since Jul 30th, 2023 at 0.03216122
The short-term trend has been DOWN since Sep 21st, 2023 at 0.03159978
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).