Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Bull Market Weakness (+75) - CNYMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYMYR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for CNYMYR
The long-term trend has been UP since Jul 1st, 2020 at 0.62156200
The intermediate-term trend has been DOWN since Feb 18th, 2021 at 0.62353576
The short-term trend has been UP since Feb 23rd, 2021 at 0.62595798
Smart Scan Analysis for CNYMYR
Based on our trend formula, CNYMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).