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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)

Strong Uptrend (+100) - CNYMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.66397168 0.66577388 0.66397168 0.66576836 +0.00179700
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 up The intermediate-term trend has been UP since Oct 19th, 2021 at 0.65008997

short term up The short-term trend has been UP since Dec 1st, 2021 at 0.66444427

Smart Scan Analysis for CNYMYR

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

+100
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.66397168 0.66577388 0.66397168 0.66576836 +0.00179700
Prev. Close Volume Bid Ask Time
0.66397168 2021-12-08 17:51:45
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