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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)

Weak Uptrend (+65) - MYRCNY is showing signs of weakening momentum to the upside. Monitor MYRCNY as it may be in the beginning stages of a reversal.

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
1.6323605 1.6336392 1.6303775 1.6330947 +0.0007340
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term up The long-term trend has been UP since May 20th, 2024 at 1.5208354

intermediate term down The intermediate-term trend has been DOWN since Dec 18th, 2024 at 1.6199933

short term up The short-term trend has been UP since Dec 25th, 2024 at 1.6278956

Smart Scan Analysis for MYRCNY

Based on our trend formula, MYRCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6323605 1.6336392 1.6303775 1.6330947 +0.0007340
Prev. Close Volume Bid Ask Time
1.6323605 2024-12-26 18:09:50
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