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Forex Trend Analysis Report

Prepared for you on Thursday, May 8, 2025.

Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)

Sidelines Mode (-55) - MYRCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_MYRCNY
Open High Low MYRCNY Price Change
1.6935076 1.6935076 1.6706012 1.6764542 -0.0170530
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term down The long-term trend has been DOWN since Apr 14th, 2025 at 1.5976693

intermediate term up The intermediate-term trend has been UP since Apr 28th, 2025 at 1.6720044

short term down The short-term trend has been DOWN since May 7th, 2025 at 1.7001296

Smart Scan Analysis for MYRCNY

Based on our trend formula, MYRCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6935076 1.6935076 1.6706012 1.6764542 -0.0170530
Prev. Close Volume Bid Ask Time
1.6935076 2025-05-08 23:25:50
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