Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, October 1, 2023.

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.

FOREX_CNHMYR
Open High Low CNHMYR Price Change
0.64314049 0.64392982 0.64272931 0.64327097 +0.00013000
Entry Signal

MarketClub’s Trade Triangles for CNHMYR

long term down The long-term trend has been DOWN since Jul 17th, 2023 at 0.63864032

intermediate term up The intermediate-term trend has been UP since Aug 21st, 2023 at 0.63771281

short term up The short-term trend has been UP since Sep 26th, 2023 at 0.64354400

Smart Scan Analysis for CNHMYR

Based on our trend formula, CNHMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CNHMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64314049 0.64392982 0.64272931 0.64327097 +0.00013000
Prev. Close Volume Bid Ask Time
0.64314049 2023-10-01 22:04:51
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Malaysian Ringt (CNHMYR) - Request Your Free Report.