Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

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
1.5065791 1.5065791 1.5065791 1.5065791 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MYRCNY

long term up The long-term trend has been UP since May 20th, 2024 at 1.5208354

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 1.5010478

short term up The short-term trend has been UP since Jun 12th, 2024 at 1.5150288

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
1.5065791 1.5065791 1.5065791 1.5065791 0.0000000
Prev. Close Volume Bid Ask Time
1.5065791 2024-06-16 17:01:47
Get a free daily analysis and signals for Malaysian Ringt/Chinese Yuan Renminbi (MYRCNY) - Request Your Free Report.