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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/Malaysian Ringt (FOREX:CNHMYR)
Strong Downtrend (-100) - CNHMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNHMYR continues to fall. Traders should use caution and set stops.
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 DOWN since May 15th, 2024 at 0.64976116
The intermediate-term trend has been DOWN since Jun 25th, 2024 at 0.64557374
The short-term trend has been DOWN since Jul 26th, 2024 at 0.64070815
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).
![Smart Scan Analysis for CNHMYR](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
0.64275326 | 0.64313139 | 0.64059555 | 0.64100422 | -0.00174900 |
Prev. Close | Volume | Bid | Ask | Time |
0.64275326 | 2024-07-26 17:00:03 |