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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2019.

Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CNYMYR
Open High Low CNYMYR Price Change
0.598195 0.598605 0.598115 0.598175 -0.000020
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term down The long term trend has been DOWN since Jun 4th, 2019 at 0.603330

intermediate term down The intermediate term trend has been DOWN since May 13th, 2019 at 0.606755

short term up The short term trend has been UP since Jul 17th, 2019 at 0.598360

Smart Scan Analysis for CNYMYR

Based on a pre-defined weighted trend formula for chart analysis, CNYMYR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.598195 0.598605 0.598115 0.598175 -0.000020
Prev. Close Volume Bid Ask Time
0.598195 0.597810 0.598540 2019-07-23 11:24:36
Want to analyze Chinese Yuan Renminbi/Malaysian Ringt CNYMYR or another symbol? Try our Free Forex Trend Analysis Report.