Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Chinese Yuan Renminbi Offshore/Malaysian Ringt (FOREX:CNHMYR)

Crossroads (-60) - CNHMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CNHMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	CNHMYR Price	Change
0.65604161	0.65639594	0.65522030	0.65621922	+0.00017800
Entry Signal

MarketClub’s Trade Triangles for CNHMYR

The long-term trend has been UP since Oct 3rd, 2023 at 0.64630563

The intermediate-term trend has been DOWN since May 7th, 2024 at 0.65577627

The short-term trend has been DOWN since May 5th, 2024 at 0.65684179

Smart Scan Analysis for CNHMYR

Based on our trend formula, CNHMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.65604161	0.65639594	0.65522030	0.65621922	+0.00017800
Prev. Close	Volume	Bid	Ask	Time
0.65604161				2024-05-09 11:52:50

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