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Forex Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

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

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

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
1.5625 1.5625 1.5625 1.5625 0.0000
Entry Signal

MarketClub’s Trade Triangles for MYRCNH

long term up The long-term trend has been UP since Jul 31st, 2023 at 1.5675

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2023 at 1.5637

short term down The short-term trend has been DOWN since Sep 22nd, 2023 at 1.5637

Smart Scan Analysis for MYRCNH

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

-70
Smart Scan Analysis for MYRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5625 1.5625 1.5625 1.5625 0.0000
Prev. Close Volume Bid Ask Time
1.5625 2023-09-22 12:49:44
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