Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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

Weak Uptrend (+65) - CNHMYR is showing signs of weakening momentum to the upside. Monitor CNHMYR as it may be in the beginning stages 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
0.61172601 0.61267946 0.61120655 0.61184018 +0.00011400
Entry Signal

MarketClub’s Trade Triangles for CNHMYR

long term up The long-term trend has been UP since Dec 20th, 2024 at 0.62010966

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.60692242

short term down The short-term trend has been DOWN since Dec 24th, 2024 at 0.61367717

Smart Scan Analysis for CNHMYR

Based on our trend formula, CNHMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNHMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.61172601 0.61267946 0.61120655 0.61184018 +0.00011400
Prev. Close Volume Bid Ask Time
0.61172601 2024-12-26 10:17:44
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Malaysian Ringt (CNHMYR) - Request Your Free Report.