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Forex Trend Analysis Report
Prepared for you on Thursday, January 8, 2026.
Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)
Crossroads (-60) - MYRCNY is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for MYRCNY
The long-term trend has been UP since Nov 10th, 2025 at 1.7137346
The intermediate-term trend has been DOWN since Jan 4th, 2026 at 1.7197708
The short-term trend has been DOWN since Jan 7th, 2026 at 1.7154403
Smart Scan Analysis for MYRCNY
Based on our trend formula, MYRCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.7219761 | 1.7224000 | 1.7215525 | 1.7224000 | +0.0004240 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.7219761 | 2026-01-08 02:37:25 |