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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

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

Strong Uptrend (+100) - CNHMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_CNHMYR
Open High Low CNHMYR Price Change
0.65014463 0.65198371 0.64971665 0.65009322 -0.00005100
Entry Signal

MarketClub’s Trade Triangles for CNHMYR

long term up The long-term trend has been UP since Sep 30th, 2020 at 0.61408849

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2021 at 0.65114929

short term up The short-term trend has been UP since Oct 18th, 2021 at 0.64761555

Smart Scan Analysis for CNHMYR

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

+100
Smart Scan Analysis for CNHMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.65014463 0.65198371 0.64971665 0.65009322 -0.00005100
Prev. Close Volume Bid Ask Time
0.65014463 2021-10-22 17:02:11
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