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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Malaysian Ringt/Japanese Yen (FOREX:MYRJPY)
Countertrend Up (+85) - MYRJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MYRJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRJPY
The long-term trend has been UP since Sep 24th, 2024 at 34.530995
The intermediate-term trend has been UP since Dec 19th, 2024 at 34.785142
The short-term trend has been DOWN since Dec 25th, 2024 at 34.834613
Smart Scan Analysis for MYRJPY
Based on our trend formula, MYRJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.978312 | 34.984081 | 34.937285 | 34.984081 | +0.005769 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.978312 | 2024-12-26 05:10:12 |