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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)

Strong Downtrend (-100) - MYRCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
1.6507611 1.6535941 1.6238650 1.6260879 -0.0246730
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term down The long-term trend has been DOWN since Feb 11th, 2020 at 1.6751323

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2020 at 1.6885530

short term down The short-term trend has been DOWN since Mar 30th, 2020 at 1.6294332

Smart Scan Analysis for MYRCNY

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

-100
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6507611 1.6535941 1.6238650 1.6260879 -0.0246730
Prev. Close Volume Bid Ask Time
1.6507611 1.6239908 1.6281850 2020-04-01 14:46:20
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