Forex Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
Chinese Yuan Renminbi Offshore/Malaysian Ringt (FOREX:CNHMYR)
Strong Uptrend (+100) - CNHMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for CNHMYR
The long-term trend has been UP since Sep 30th, 2020 at 0.61408849
The intermediate-term trend has been UP since Oct 1st, 2021 at 0.65114929
The short-term trend has been UP since Nov 17th, 2021 at 0.65425162
Smart Scan Analysis for CNHMYR
Based on our trend formula, CNHMYR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).