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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

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
0.61066818 0.61502275 0.60619909 0.61502275 +0.00435500
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long-term trend has been UP since Feb 18th, 2020 at 0.59584644

intermediate term up The intermediate-term trend has been UP since Feb 9th, 2020 at 0.59297856

short term down The short-term trend has been DOWN since Mar 25th, 2020 at 0.61931001

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
0.61066818 0.61502275 0.60619909 0.61502275 +0.00435500
Prev. Close Volume Bid Ask Time
0.61066818 0.61467069 0.61537481 2020-04-01 14:19:30
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