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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)
Strong Uptrend (+100) - MYRCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for MYRCNY
The long-term trend has been UP since May 20th, 2024 at 1.5208354
The intermediate-term trend has been UP since Jul 17th, 2024 at 1.5565012
The short-term trend has been UP since Jul 26th, 2024 at 1.5576445
Smart Scan Analysis for MYRCNY
Based on our trend formula, MYRCNY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5544450 | 1.5584058 | 1.5537802 | 1.5567150 | +0.0022700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5544450 | 2024-07-26 20:53:01 |