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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Chinese Yuan Renminbi Offshore/Malaysian Ringt (FOREX:CNHMYR)

Bear Market Rally (-75) - CNHMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHMYR as it may be in the beginning of a reversal.

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.

FOREX_CNHMYR
Open High Low CNHMYR Price Change
0.64811392 0.64875943 0.64750759 0.64768176 -0.00043200
Entry Signal

MarketClub’s Trade Triangles for CNHMYR

long term down The long-term trend has been DOWN since May 15th, 2024 at 0.64976116

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2024 at 0.65049145

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.64758441

Smart Scan Analysis for CNHMYR

Based on our trend formula, CNHMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNHMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64811392 0.64875943 0.64750759 0.64768176 -0.00043200
Prev. Close Volume Bid Ask Time
0.64811392 2024-06-13 13:45:32
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