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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Sidelines Mode (+55) - CNYMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Jan 31st, 2025 at 0.61969758
The short-term trend has been DOWN since Feb 4th, 2025 at 0.61549639
Smart Scan Analysis for CNYMYR
Based on our trend formula, CNYMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.61979449 | 0.62306001 | 0.60756452 | 0.60826766 | -0.01152700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.61979449 | 2025-02-04 23:05:16 |