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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

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
0.62797641 0.62834277 0.62532521 0.62619506 -0.00178100
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 down The intermediate-term trend has been DOWN since Feb 25th, 2021 at 0.62371011

short term up The short-term trend has been UP since Mar 5th, 2021 at 0.62810359

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
0.62797641 0.62834277 0.62532521 0.62619506 -0.00178100
Prev. Close Volume Bid Ask Time
0.62797641 2021-03-05 09:29:58
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