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Forex Trend Analysis Report

Prepared for you on Saturday, May 28, 2022.

Malaysian Ringt/Chinese Yuan Renminbi Offshore (FOREX:MYRCNH)

Crossroads (-60) - MYRCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MYRCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRCNH
Open High Low MYRCNH Price Change
1.5235 1.5235 1.5235 1.5235 0.0000
Entry Signal

MarketClub’s Trade Triangles for MYRCNH

long term up The long-term trend has been UP since May 2nd, 2022 at 1.53000

intermediate term down The intermediate-term trend has been DOWN since May 24th, 2022 at 1.53165

short term down The short-term trend has been DOWN since May 18th, 2022 at 1.54770

Smart Scan Analysis for MYRCNH

Based on our trend formula, MYRCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MYRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5235 1.5235 1.5235 1.5235 0.0000
Prev. Close Volume Bid Ask Time
1.5420 2022-05-24 18:41:00
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