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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Chinese Yuan Renminbi/Malaysian Ringt (FOREX:CNYMYR)
Long-Term Uptrend (+90) - CNYMYR is in a strong uptrend that is likely to continue. While CNYMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Dec 18th, 2024 at 0.61742463
The short-term trend has been UP since Dec 10th, 2024 at 0.61099617
Smart Scan Analysis for CNYMYR
Based on our trend formula, CNYMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.61784975 | 0.61784975 | 0.61784975 | 0.61784975 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.61784975 | 2024-12-21 12:08:00 |