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Forex Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)

Sidelines Mode (+55) - MYRCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MYRCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRCNY
Open High Low MYRCNY Price Change
1.5173392 1.5223600 1.5133619 1.5137617 -0.0035780
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term up The long-term trend has been UP since May 13th, 2022 at 1.5472538

intermediate term up The intermediate-term trend has been UP since Jun 16th, 2022 at 1.5384632

short term down The short-term trend has been DOWN since Jun 27th, 2022 at 1.5179751

Smart Scan Analysis for MYRCNY

Based on our trend formula, MYRCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5173392 1.5223600 1.5133619 1.5137617 -0.0035780
Prev. Close Volume Bid Ask Time
1.5173392 2022-06-29 12:33:27
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