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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.
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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 DOWN since Jan 21st, 2025 at 1.6182443
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).
| 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 |