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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

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
1.5649321 1.5681292 1.5635356 1.5657406 +0.0008080
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 1.5380915

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2023 at 1.5586442

short term up The short-term trend has been UP since Mar 27th, 2023 at 1.5586442

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
1.5649321 1.5681292 1.5635356 1.5657406 +0.0008080
Prev. Close Volume Bid Ask Time
1.5649321 2023-03-28 20:29:56
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