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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CNYMYR
Open High Low CNYMYR Price Change
0.606000 0.606425 0.605810 0.605855 -0.000145
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long term trend has been UP since Jan 23rd, 2019 at 0.609695

intermediate term down The intermediate term trend has been DOWN since May 13th, 2019 at 0.606755

short term up The short term trend has been UP since May 21st, 2019 at 0.606240

Smart Scan Analysis for CNYMYR

Based on a pre-defined weighted trend formula for chart analysis, CNYMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.606000 0.606425 0.605810 0.605855 -0.000145
Prev. Close Volume Bid Ask Time
0.606 0.605490 0.606220 2019-05-21 03:02:08
Want to analyze Chinese Yuan Renminbi/Malaysian Ringt CNYMYR or another symbol? Try our Free Forex Trend Analysis Report.