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Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)

Bull Market Weakness (+75) - MYRCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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
1.6202545 1.6219689 1.6157873 1.6216406 +0.0013860
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 up The intermediate-term trend has been UP since Nov 24th, 2020 at 1.6160325

short term up The short-term trend has been UP since Nov 24th, 2020 at 1.6097938

Smart Scan Analysis for MYRCNY

Based on our trend formula, MYRCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6202545 1.6219689 1.6157873 1.6216406 +0.0013860
Prev. Close Volume Bid Ask Time
1.6202545 2020-11-27 21:45:17
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