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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)

Weak Downtrend (-65) - CNYMYR is showing signs of a strengthening downtrend. Monitor CNYMYR as it may be building momentum to the downside.

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.

FOREX_CNYMYR
Open High Low CNYMYR Price Change
0.60097879 0.60097879 0.60097017 0.60097879 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYMYR

long term up The long-term trend has been UP since Jul 1st, 2020 at 0.62156200

intermediate term down The intermediate-term trend has been DOWN since Jul 29th, 2020 at 0.60603702

short term down The short-term trend has been DOWN since Aug 7th, 2020 at 0.60184254

Smart Scan Analysis for CNYMYR

Based on our trend formula, CNYMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60097879 0.60097879 0.60097017 0.60097879 0.00000000
Prev. Close Volume Bid Ask Time
0.60097879 0.60061999 0.60133758 2020-08-08 04:34:40
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