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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Bear Market Rally (-75) - CNYMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYMYR as it may be in the beginning 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.
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MarketClub’s Trade Triangles for CNYMYR
The long-term trend has been DOWN since Mar 27th, 2025 at 0.60174347
The intermediate-term trend has been DOWN since Apr 28th, 2025 at 0.59808454
The short-term trend has been UP since May 27th, 2025 at 0.59067501
Smart Scan Analysis for CNYMYR
Based on our trend formula, CNYMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.58798218 | 0.59131352 | 0.58798218 | 0.59101919 | +0.00303700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.58798218 | 2025-05-30 19:59:43 |