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.
MarketClub’s Trade Triangles for MYRCNY
The long-term trend has been DOWN since Feb 11th, 2020 at 1.6751323
The intermediate-term trend has been DOWN since Feb 9th, 2020 at 1.6885530
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).