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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Chinese Yuan Renminbi Offshore/Malaysian Ringt (FOREX:CNHMYR)
Bull Market Weakness (+75) - CNHMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for CNHMYR
The long-term trend has been UP since Dec 20th, 2024 at 0.62010966
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.60692242
The short-term trend has been DOWN since Jan 20th, 2025 at 0.61188288
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.61442664 | 0.61951778 | 0.61134173 | 0.61444618 | +0.00002000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.61442664 | 2025-01-20 21:22:43 |