Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, March 31, 2025.
Chinese Yuan Renminbi Offshore/Malaysian Ringt (FOREX:CNHMYR)
Countertrend Up (+85) - CNHMYR 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 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.
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MarketClub’s Trade Triangles for CNHMYR
The long-term trend has been UP since Dec 20th, 2024 at 0.62010966
The intermediate-term trend has been UP since Mar 3rd, 2025 at 0.61310602
The short-term trend has been UP since Mar 28th, 2025 at 0.61113783
Smart Scan Analysis for CNHMYR
Based on our trend formula, CNHMYR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.61083749 | 0.61138406 | 0.61015293 | 0.61075485 | -0.00008300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.61083749 | 2025-03-31 17:12:23 |