Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Chinese Yuan Renminbi Offshore/Malaysian Ringt (FOREX:CNHMYR)
Countertrend Down (-85) - CNHMYR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 8th, 2025 at 0.59064172
Smart Scan Analysis for CNHMYR
Based on our trend formula, CNHMYR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.59575425 | 0.59617989 | 0.59314175 | 0.59359397 | -0.00216000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.59575425 | 2025-05-09 07:11:03 |