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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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.

FOREX_CNHMYR
Open High Low CNHMYR Price Change
0.65752619 0.65774095 0.65645370 0.65747997 -0.00004600
Entry Signal

MarketClub’s Trade Triangles for CNHMYR

long term up The long-term trend has been UP since Jun 2nd, 2022 at 0.67359020

intermediate term down The intermediate-term trend has been DOWN since Aug 15th, 2022 at 0.65523615

short term down The short-term trend has been DOWN since Aug 11th, 2022 at 0.65852137

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
Smart Scan Analysis for CNHMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.65752619 0.65774095 0.65645370 0.65747997 -0.00004600
Prev. Close Volume Bid Ask Time
0.65752619 2022-08-18 04:48:09
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