Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)

Crossroads (-60) - CNYMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.60232408 0.60640421 0.60056507 0.60097017 -0.00135400
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long-term trend has been UP since Jul 1st, 2020 at 0.62156200

intermediate term down The intermediate-term trend has been DOWN since Jul 29th, 2020 at 0.60603702

short term down The short-term trend has been DOWN since Aug 7th, 2020 at 0.60184254

Smart Scan Analysis for CNYMYR

Based on our trend formula, CNYMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60232408 0.60640421 0.60056507 0.60097017 -0.00135400
Prev. Close Volume Bid Ask Time
0.60232408 0.60061138 0.60132895 2020-08-07 14:15:18
Get a free daily analysis and signals for Chinese Yuan Renminbi/Malaysian Ringt (CNYMYR) - Request Your Free Report.