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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)

Weak Downtrend (-65) - CNYMYR is showing signs of a strengthening downtrend. Monitor CNYMYR as it may be building momentum to the downside.

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
0.63886385 0.64126799 0.63872055 0.63906023 +0.00019600
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 0.64882571

intermediate term down The intermediate-term trend has been DOWN since Mar 26th, 2023 at 0.64370526

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 0.64951540

Smart Scan Analysis for CNYMYR

Based on our trend formula, CNYMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.63886385 0.64126799 0.63872055 0.63906023 +0.00019600
Prev. Close Volume Bid Ask Time
0.63886385 2023-03-28 20:50:52
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