Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Strong Uptrend (+100) - CNYMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Oct 3rd, 2023 at 0.64817890
The intermediate-term trend has been UP since Mar 15th, 2024 at 0.66797602
The short-term trend has been UP since Mar 14th, 2024 at 0.65237976
Smart Scan Analysis for CNYMYR
Based on our trend formula, CNYMYR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.65659746 | 0.65756393 | 0.65659746 | 0.65734645 | +0.00074900 |
Prev. Close | Volume | Bid | Ask | Time |
0.65659746 | 2024-03-19 09:23:45 |