Free Daily Analysis

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.

FOREX_CNYMYR
Open High Low CNYMYR Price Change
0.64768893 0.64768893 0.64393333 0.64426768 -0.00342100
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 0.64882571

intermediate term up The intermediate-term trend has been UP since Feb 12th, 2023 at 0.63798723

short term down 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).

+55
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Chinese Yuan Renminbi/Malaysian Ringt (CNYMYR) - Request Your Free Report.