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Forex Trend Analysis Report
Prepared for you on Tuesday, November 12, 2024.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Crossroads (+60) - CNYMYR is struggling to move into a solid trend. Beware of choppy markets 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 Nov 4th, 2024 at 0.63433660
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 0.60453684
The short-term trend has been DOWN since Nov 12th, 2024 at 0.61045256
Smart Scan Analysis for CNYMYR
Based on our trend formula, CNYMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.61228986 | 0.61476543 | 0.60349000 | 0.61448466 | +0.00219500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.61228986 | 2024-11-12 20:31:08 |