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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Malaysian Ringt/Chinese Yuan Renminbi Offshore (FOREX:MYRCNH)
Strong Uptrend (+100) - MYRCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for MYRCNH
The long-term trend has been UP since May 21st, 2024 at 1.5355000
The intermediate-term trend has been UP since Jun 25th, 2024 at 1.5488706
The short-term trend has been UP since Jul 26th, 2024 at 1.5607282
Smart Scan Analysis for MYRCNH
Based on our trend formula, MYRCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5557259 | 1.5615013 | 1.5548980 | 1.5615013 | +0.0057750 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5557259 | 2024-07-26 19:58:04 |