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Forex Trend Analysis Report

Prepared for you on Tuesday, July 1, 2025.

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

Long-Term Downtrend (-90) - CNHMYR is in a strong downtrend that is likely to continue. While CNHMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

FOREX_CNHMYR
Open High Low CNHMYR Price Change
0.58568713 0.58686726 0.58547012 0.58604985 +0.00036300
Entry Signal

MarketClub’s Trade Triangles for CNHMYR

long term down The long-term trend has been DOWN since Apr 21st, 2025 at 0.60117967

intermediate term down The intermediate-term trend has been DOWN since Jun 30th, 2025 at 0.58674317

short term down The short-term trend has been DOWN since Jun 24th, 2025 at 0.59060861

Smart Scan Analysis for CNHMYR

Based on our trend formula, CNHMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CNHMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58568713 0.58686726 0.58547012 0.58604985 +0.00036300
Prev. Close Volume Bid Ask Time
0.58568713 2025-07-01 14:35:50
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