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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)

Weak Uptrend (+65) - CNYMYR is showing signs of weakening momentum to the upside. Monitor CNYMYR as it may be in the beginning stages of a reversal.

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.

FOREX_CNYMYR
Open High Low CNYMYR Price Change
0.62727259 0.62765908 0.62695134 0.62751439 +0.00024200
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long-term trend has been UP since Jul 1st, 2020 at 0.62156200

intermediate term down The intermediate-term trend has been DOWN since Feb 18th, 2021 at 0.62353576

short term up The short-term trend has been UP since Feb 23rd, 2021 at 0.62595798

Smart Scan Analysis for CNYMYR

Based on our trend formula, CNYMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.62727259 0.62765908 0.62695134 0.62751439 +0.00024200
Prev. Close Volume Bid Ask Time
0.62727259 2021-03-01 08:29:59
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