Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)
Weak Uptrend (+65) - MYRCNY is showing signs of weakening momentum to the upside. Monitor MYRCNY as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for MYRCNY
The long-term trend has been UP since May 13th, 2022 at 1.5472538
The intermediate-term trend has been UP since Jun 16th, 2022 at 1.5384632
The short-term trend has been DOWN since Jun 30th, 2022 at 1.5103483
Smart Scan Analysis for MYRCNY
Based on our trend formula, MYRCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).