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.
MarketClub’s Trade Triangles for MYRCNH
The long-term trend has been UP since Jul 31st, 2023 at 1.5675
The intermediate-term trend has been DOWN since Sep 22nd, 2023 at 1.5637
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).