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Forex Trend Analysis Report

Prepared for you on Monday, November 23, 2020.

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

Sidelines Mode (+55) - CNHMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_CNHMYR
Open High Low CNHMYR Price Change
0.62420478 0.62427335 0.62119674 0.62156869 -0.00263600
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 Sep 30th, 2020 at 0.61408849

short term down The short-term trend has been DOWN since Nov 18th, 2020 at 0.62468499

Smart Scan Analysis for CNHMYR

Based on our trend formula, CNHMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNHMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.62420478 0.62427335 0.62119674 0.62156869 -0.00263600
Prev. Close Volume Bid Ask Time
0.62420478 2020-11-23 12:16:51
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