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.
MarketClub’s Trade Triangles for CNYMYR
The long-term trend has been UP since Feb 18th, 2020 at 0.59584644
The intermediate-term trend has been UP since Feb 9th, 2020 at 0.59297856
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).