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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)

Long-Term Uptrend (+90) - CNYMYR is in a strong uptrend that is likely to continue. While CNYMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.66401406 0.66476621 0.66292435 0.66355140 -0.00046300
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long-term trend has been UP since Jul 1st, 2020 at 0.62156200

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 0.65008997

short term up The short-term trend has been UP since Dec 1st, 2021 at 0.66444427

Smart Scan Analysis for CNYMYR

Based on our trend formula, CNYMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.66401406 0.66476621 0.66292435 0.66355140 -0.00046300
Prev. Close Volume Bid Ask Time
0.66401406 2021-12-07 22:24:36
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