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Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Sidelines Mode (+55) - CNYMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNYMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYMYR.
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 CNYMYR
The long-term trend has been UP since Mar 1st, 2023 at 0.64882571
The intermediate-term trend has been UP since Feb 12th, 2023 at 0.63798723
The short-term trend has been DOWN since Mar 15th, 2023 at 0.64951540
Smart Scan Analysis for CNYMYR
Based on our trend formula, CNYMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.64768893 | 0.64768893 | 0.64393333 | 0.64426768 | -0.00342100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.64768893 | 2023-03-24 14:51:16 |