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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2025.

Malaysian Ringt/Chinese Yuan Renminbi (FOREX:MYRCNY)

Sidelines Mode (-50) - MYRCNY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MYRCNY can gain 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.

FOREX_MYRCNY
Open High Low MYRCNY Price Change
1.6360558 1.6397452 1.6265074 1.6376985 +0.0016430
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 Jan 21st, 2025 at 1.6182443

short term down The short-term trend has been DOWN since Jan 21st, 2025 at 1.6245614

Smart Scan Analysis for MYRCNY

Based on our trend formula, MYRCNY is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for MYRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6360558 1.6397452 1.6265074 1.6376985 +0.0016430
Prev. Close Volume Bid Ask Time
1.6360558 2025-01-22 20:02:26
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