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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Chinese Yuan Renminbi Offshore/Malaysian Ringt (FOREX:CNHMYR)
Bear Market Rally (-75) - CNHMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHMYR as it may be in the beginning of a reversal.
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 DOWN since Apr 21st, 2025 at 0.60117967
The intermediate-term trend has been DOWN since Apr 2nd, 2025 at 0.60778460
The short-term trend has been UP since May 27th, 2025 at 0.59113992
Smart Scan Analysis for CNHMYR
Based on our trend formula, CNHMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.58983751 | 0.59190466 | 0.58975657 | 0.59076210 | +0.00092500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.58983751 | 2025-05-30 17:02:37 |