Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Chinese Yuan Renminbi Offshore/Malaysian Ringt (FOREX:CNHMYR)
Long-Term Uptrend (+90) - CNHMYR is in a strong uptrend that is likely to continue. While CNHMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CNHMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHMYR.
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 CNHMYR
The long-term trend has been UP since Oct 3rd, 2023 at 0.64630563
The intermediate-term trend has been UP since Mar 15th, 2024 at 0.66785384
The short-term trend has been UP since Mar 14th, 2024 at 0.65252025
Smart Scan Analysis for CNHMYR
Based on our trend formula, CNHMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.65598153 | 0.65669269 | 0.65571383 | 0.65625641 | +0.00027500 |
Prev. Close | Volume | Bid | Ask | Time |
0.65598153 | 2024-03-19 09:39:49 |