Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Long-Term Uptrend (+90) - CNYMYR is in a strong uptrend that is likely to continue. While CNYMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CNYMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYMYR
The long-term trend has been UP since Oct 3rd, 2023 at 0.64817890
The intermediate-term trend has been UP since Dec 1st, 2023 at 0.65700367
The short-term trend has been UP since Dec 1st, 2023 at 0.65641263
Smart Scan Analysis for CNYMYR
Based on our trend formula, CNYMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).