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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

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

Countertrend Down (-85) - CNHMYR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_CNHMYR
Open High Low CNHMYR Price Change
0.59575425 0.59617989 0.59314175 0.59367378 -0.00208000
Entry Signal

MarketClub’s Trade Triangles for CNHMYR

long term down The long-term trend has been DOWN since Apr 21st, 2025 at 0.60117967

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2025 at 0.60778460

short term up The short-term trend has been UP since May 8th, 2025 at 0.59064172

Smart Scan Analysis for CNHMYR

Based on our trend formula, CNHMYR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CNHMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.59575425 0.59617989 0.59314175 0.59367378 -0.00208000
Prev. Close Volume Bid Ask Time
0.59575425 2025-05-09 05:33:31
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