Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Strong Downtrend (-100) - CNYMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYMYR continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 17th, 2024 at 0.64440494
The intermediate-term trend has been DOWN since Apr 17th, 2024 at 0.65338552
The short-term trend has been DOWN since Apr 26th, 2024 at 0.65866652
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.65691268 | 0.65700048 | 0.65574224 | 0.65621963 | -0.00069300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.65691268 | 2024-05-08 16:03:37 |