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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

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
0.59720290 0.59789491 0.59623409 0.59651090 -0.00069200
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term down The long-term trend has been DOWN since Mar 27th, 2025 at 0.60174347

intermediate term down The intermediate-term trend has been DOWN since Apr 28th, 2025 at 0.59808454

short term up The short-term trend has been UP since May 8th, 2025 at 0.59116383

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
0.59720290 0.59789491 0.59623409 0.59651090 -0.00069200
Prev. Close Volume Bid Ask Time
0.59720290 2025-05-09 03:03:21
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