Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Malaysian Ringt/Chinese Yuan Renminbi Offshore (FOREX:MYRCNH)
Countertrend Up (+85) - MYRCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MYRCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MYRCNH
The long-term trend has been UP since Apr 21st, 2025 at 1.6632618
The intermediate-term trend has been UP since Apr 2nd, 2025 at 1.6450367
The short-term trend has been DOWN since May 8th, 2025 at 1.6931411
Smart Scan Analysis for MYRCNH
Based on our trend formula, MYRCNH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6785543 | 1.6857893 | 1.6774624 | 1.6846596 | +0.0061050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6785543 | 2025-05-09 07:10:14 |